Fundrise Innovation Fund has partnered with Erebor Bank as part of their latest investment. Erebor Bank is a new national bank that has been established to support startups and the wider technology community. Founder Palmer Luckey’s initiative is designed to fill the void in the tech banking sector left by the failure of Silicon Valley Bank in 2023, by providing tech companies with financial solutions like credit facilities backed by crypto or privately held securities and funding of AI infrastructure.
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The bank was given conditional approval by regulators in October 2025 and it was granted its national charter in February 2026, with FDIC-insured deposits, which means it is seen as a reliable alternative for venture-backed companies. Founders Fund and Andreessen Horowitz are the main investors in Erebor and the bank is a response to the rising need for banks that cater to innovation. For the individual investor willing to take some risks and willing to accept limited liquidity, the Fundrise Innovation Fund offers a way to gain exposure to tech companies which could experience explosive growth. This innovative fund creates opportunities for everyday investors to buy into what has traditionally been limited to venture capital companies.
