Tag: 8VC

Erebor—The New Digital Bank for Startups and Crypto, Backed by Peter Thiel and Partners

Financial Institutions tamir - July 4, 2025

A consortium of prominent tech billionaires, including Peter Thiel (PayPal co-founder, Palantir co-founder, and Founders Fund principal), Palmer Luckey (founder of Anduril and Oculus), and Joe Lonsdale (co-founder of Palantir and founder of 8VC), is launching a new digital bank named Erebor. This initiative is a direct response to the collapse of Silicon Valley Bank (SVB) in March 2023, which left a significant gap in banking services for startups.

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