Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>Sacra estimates Erebor hit $112M in annualized revenue in July 2026, up 38% MoM from $31M in March, in talks to raise at a $9.5B valuation for an 85x multiple.</li><li>Erebor monetizes its ~500-600 large, capital-intensive customers primarily through interest on their deposits (68% of Q2 revenue), with the remaining 32% coming from its banking API business.</li><li>Sacra estimates Erebor grew from $31M in annualized revenue at the end of March 2026 to $112M in July, growing at 38% month-over-month, with the company in talks to raise at a $9.5B post-money valuation for an 85x revenue multiple.</li></ul>

Sacra estimates Erebor hit $112M in annualized revenue in July 2026, up 38% MoM from $31M in March, in talks to raise at a $9.5B valuation for an 85x multiple.Erebor monetizes its ~500-600 large, capital-intensive customers primarily through interest on their deposits (68% of Q2 revenue), with the remaining 32% coming from its banking API business.Sacra estimates Erebor grew from $31M in annualized revenue at the end of March 2026 to $112M in July, growing at 38% month-over-month, with the company in talks to raise at a $9.5B post-money valuation for an 85x revenue multiple.

$112M/year Hereticon Of Nationally Chartered Banks

<ul><li>Sacra estimates that Erebor Bank hit $112M in annualized revenue in July 2026, up from $31M in annualized revenue in March 2026.</li><li>Erebor Bank is in talks to raise at a $9.5B post-money valuation, equal to an 85x multiple on its July 2026 annualized revenue run rate of $112M.</li><li>Its monetization model centers on taking in large deposits from capital-intensive companies, deploying those funds into short-duration bonds and loans, and earning the spread.</li></ul>

Sacra estimates that Erebor Bank hit $112M in annualized revenue in July 2026, up from $31M in annualized revenue in March 2026.Erebor Bank is in talks to raise at a $9.5B post-money valuation, equal to an 85x multiple on its July 2026 annualized revenue run rate of $112M.Its monetization model centers on taking in large deposits from capital-intensive companies, deploying those funds into short-duration bonds and loans, and earning the spread.

United States

Digital national bank providing traditional deposit and lending products alongside virtual-currency, stablecoin, crypto custody and AI-focused financial services

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Erebor (EREBOR US)

$112M/year Hereticon Of Nationally Chartered Banks

TL;DR: Founded by Palmer Luckey and backed by Founders Fund, 8VC, Haun Ventures & Lux Capital, Erebor launched in February 2026 as a bank for...

Sacra

Primer: Erebor Bank - 13 Aug 2026

Digital bank offering FDIC‑insured business deposit accounts, ACH and wire rails, batch payments, multi‑party approval workflows, identity...

Sacra

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