According to Bloomberg, the Peter Thiel-backed banking startup Erebor Bank is conducting a funding round, aiming to raise approximately $350 million at a valuation of around $4.35 billion, a significant increase from previous levels. Sources say this round is led by Lux Capital, with existing investor 8VC also participating. Erebor Bank primarily serves crypto asset and tech-related clients, filling part of the market gap left by the collapse of Silicon Valley Bank in 2023, while also expanding to defense and aerospace-related corporate clients. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=54004