CoinDesk·3 min read·medium
Crypto-friendly bank Erebor in talks to raise $1.5 billion at $9.5 billion valuation: FT
F
Francisco Rodrigues
✦AI Summary
Crypto-friendly bank Erebor is reportedly in talks to raise $1.5 billion, which would nearly double its valuation to $9.5 billion. The bank is expanding its services to include lending and treasury management for sectors including crypto, AI, and defense.
Lux Capital, Human Capital, Valor Equity Partners, Andreessen Horowitz and SV Angel are expected to make large commitments in the fundraising round. Existing investors including 8VC and Haun Ventures are also set to take part, according to the report, which cited people familiar with the matter.
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