[Crypto-Friendly Bank Erebor Expected to Complete $1.5 Billion Financing Within Weeks, Investors Like a16z Revealed] According to the UK's *Financial Times*, crypto-friendly bank Erebor Bank, co-founded by Oculus founder and Anduril founder Palmer Luckey and Palantir co-founder Joe Lonsdale, is seeking $1.5 billion in financing with a pre-money valuation target of $8 billion. This valuation is nearly double the $4.35 billion valuation the company achieved in December 2025 when it completed $350 million in financing.