Robinhood Ventures Fund I purchased $30 million in preferred stock in Erebor Bank, a nationally chartered US lender, according to an October 21 announcement. Led by president Sarah Pinto, the fund aims to give retail investors access to private-market opportunities through a concentrated portfolio of frontier technology companies. Founded in 2025, Erebor finances defense, hard-tech and crypto businesses as well as artificial intelligence infrastructure, offering blockchain-enabled payments, crypto-backed loans and related financing. The bank received its full OCC national charter and FDIC deposit insurance in February 2026 and has grown its deposit base to more than $7 billion.
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