
Erebor is a newly chartered national bank built to serve technology companies, filling a gap left by the collapse of Silicon Valley Bank


The Fundrise Innovation Fund (VCX) has announced a new investment in Erebor

<p xmlns="http://www.w3.org/1999/xhtml">
Erebor is a newly chartered national bank built to serve technology companies, filling a gap left by the collapse of Silicon Valley Bank

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fundrise Innovation Fund (VCX) has announced a new investment in Erebor Bank, a newly chartered national bank built from the ground up to serve the technology industry.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Founded by Palmer Luckey, the co-founder of Oculus VR and Anduril Industries, Erebor is designed to serve startups, technology companies, and the individuals who work at and invest in them. The bank aims to fill a gap in the market left by the collapse of Silicon Valley Bank in 2023, which had been a primary banking partner for early-stage technology firms and venture capital funds. Erebor plans to offer lines of credit backed by crypto or private securities, loans for AI chips, and other products tailored to the needs of technology businesses that traditional banks have been reluctant to serve. The bank received conditional approval from U.S. regulators in October 2025 and was granted its national charter in February 2026, with deposits insured by the FDIC. Erebor&#39;s investors include Founders Fund, Andreessen Horowitz, Lux Capital, and 8VC.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Investments in private technology companies like Erebor have historically produced some of the strongest investment returns, however the opportunity to invest in them before they go public has remained largely out of reach for most individuals. The Fundrise Innovation Fund (VCX) is designed to bridge that gap, giving individual investors low-fee access to the types of companies that have traditionally been available only to top venture capital funds.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Fundrise</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Fundrise is the largest direct-to-consumer alternative investment platform in the U.S., having pioneered low-fee access to private-market investing for individual investors. Founded in 2012, Fundrise serves millions of users investing across real estate, private credit, and venture capital strategies. The company, headquartered in Washington, DC, has a team of technology and finance experts with deep regulatory experience, having cleared multiple public offerings with the SEC.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About the Fundrise Innovation Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VCX">VCX</a>)</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fundrise Innovation Fund is a publicly registered, non-diversified, closed-end management investment company filed with the SEC in 2021. The Fund invests in leading private technology and AI companies, providing everyday investors access to venture capital opportunities that have historically been limited to institutional investors.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">There are no guarantees investment holdings of the Fundrise Innovation Fund (the "Fund") will be successful or perform similarly to the company featured.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Investing in the Fund is speculative and involves substantial risks. You should purchase shares of the Fund only if you can afford a complete loss of your investment.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Past performance does not guarantee future results. Current and future holdings are subject to risk. Returns of one company are not indicative of an investment in the Fund. To obtain Fund performance, visit GetVCX.com. The Fund&#39;s most recent schedule of investments is available at GetVCX.com.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Investors should consider the Fund's investment objectives, risks, charges, and expenses before investing. This information is included in the Fund Prospectus and can be accessed by calling (202) 804-0023. Read the prospectus carefully before investing.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Innovation Fund is publicly registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fund's portfolio will be concentrated in securities issued by technology companies and other investments that provide economic exposure to technology companies and as such, it may be subject to more risks than if it were broadly diversified across additional sectors and industries of the economy. Certain technology companies may face special risks that their products or services may not prove to be commercially successful. Technology companies are also strongly affected by worldwide scientific or technological developments, and as a result, their products may rapidly become obsolete.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fund's investments in companies involved in, or exposed to, artificial intelligence-related businesses may be negatively impacted because of, among other things, limited product lines, markets, financial resources and/or personnel; intense competition and potentially rapid product obsolescence these companies may face; loss or impairment of intellectual property rights; and the inability to successfully develop products or services even after spending significant amount of resources.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fund's investment in private company securities, whether made directly or indirectly (e.g., through derivatives or private pooled investment vehicles) are generally illiquid. Because private company securities are thinly traded, such securities may display especially volatile or erratic price movements, sometimes in response to relatively small changes in investor supply or demand or other market conditions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Nothing in the advertising material should be construed as tax advice, an offer, recommendation, or solicitation to buy or sell any security. All investing includes risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Innovation Fund, LLC before investing.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Fundrise, LLC ("Fundrise") operates a website at fundrise.com and certain mobile apps (the "Platform"). By using the Platform, you accept our Terms of Service and Privacy Policy. All images and return and projection figures shown are for illustrative purposes only, may assume additional investments over time, and are not actual Fundrise customer or model returns or projections. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Fundrise nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Neither Fundrise nor any of its affiliates assume responsibility for the tax consequences for any investor of any investment. <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ffundrise.com%2Flegal%2Fdisclosure&amp;esheet=54461247&amp;newsitemid=20260323246136&amp;lan=en-US&amp;anchor=Full+Disclosure&amp;index=1&amp;md5=4a0334552e7896bfea47016f970ec2fb" shape="rect">Full Disclosure</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
For the Fundrise Advisors Form CRS please click <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ffundrise.com%2Fdocuments%2Fadvisors-form-crs&amp;esheet=54461247&amp;newsitemid=20260323246136&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=83929675ad3af70281e65ed0820dc83a" shape="rect">here</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The publicly filed offering circulars of the issuers sponsored by Rise Companies Corp., not all of which may be currently qualified by the Securities and Exchange Commission, may be found at fundrise.com/oc. For investors and potential investors who are residents of the State of Washington, please send all correspondence, including any questions or comments, to <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:washingtonstate@fundrise.com" shape="rect">washingtonstate@fundrise.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Fundrise takes any potential security issues seriously, and encourages the responsible and timely reporting of unknown security issues. Please send any discovered security concerns to <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:securitydisclosure@fundrise.com" shape="rect">securitydisclosure@fundrise.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#xA9; 2026 Fundrise, LLC. All Rights Reserved. eREIT, eFund and eDirect are trademarks of Rise Companies Corp. Google Play and the Google Play logo are registered trademarks of Google LLC. Apple, the Apple logo and iPhone are registered trademarks of Apple Inc. NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission. Proudly designed and coded in Washington, D.C.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260323246136r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260323246136/en/" rel="nofollow">https://www.businesswire.com/news/home/20260323246136/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@fundrise.com" shape="rect">media@fundrise.com</a>

</p>

The Fundrise Innovation Fund (VCX) Invests in Erebor Bank

Fundrise Innovation Fund Invests in New Tech-Focused Bank

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>Erebor is a newly chartered national bank built to serve technology companies, filling a gap left by the collapse of Silicon Valley Bank


The Fundrise Innovation Fund (VCX) has announced a new investment in Erebor</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>The Fundrise Innovation Fund (VCX) recently invested in Erebor Bank, a national bank aimed at serving technology firms, filling the gap left by the failure of Silicon Valley Bank. This move positions VCX to capitalize on private investment opportunities in the tech sector, which may enhance returns for individual investors seeking traditional venture capital access.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Fundrise Innovation Fund invests in Erebor Bank serving tech companies.</li><li>Erebor was founded to fill the gap after Silicon Valley Bank&#039;s collapse.</li><li>Erebor will offer unique credit products targeting technology startups.</li><li>VCX provides individual investors access to high-performing tech companies.</li><li>Lower access fees could attract more investors to the fund.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Erebor Bank (N/A)</strong>: Newly established bank offering products tailored for tech companies.</li><li><strong>Fundrise Innovation Fund (VCX)</strong>: Provides retail investors access to private market tech investments.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This situation falls under &#039;Corporate Developments&#039; as it highlights Fundrise&#039;s strategic investment aimed at leveraging opportunities presented by Erebor&#039;s specialized banking services for tech firms. The move aims to enhance VCX&#039;s portfolio and potentially its attractiveness to investors amid evolving market dynamics.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Investment in Erebor could elevate VCX&#039;s profile in tech investments.</li><li>Increased demand for private equity in tech could drive VCX&#039;s growth.</li><li>Negative market sentiment around tech could pose risks to impression of VCX.</li><li>Successful loan products from Erebor may boost returns back to VCX.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Erebor Bank is focused on serving technology startups and individuals.</li><li>Founded by Palmer Luckey, significantly linked to Oculus VR.</li><li>Erebor Bank is fully chartered with FDIC insurance as of February 2026.</li><li>Fundrise Innovation Fund aims to provide access to typically unavailable investments.</li><li>Investments in private tech companies have historically shown strong returns.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>VCX is likely to see increased investor interest, potentially boosting its stock price in the near term.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml">
Erebor is a newly chartered national bank built to serve technology companies, filling a gap left by the collapse of Silicon Valley Bank

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fundrise Innovation Fund (VCX) has announced a new investment in Erebor Bank, a newly chartered national bank built from the ground up to serve the technology industry.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Founded by Palmer Luckey, the co-founder of Oculus VR and Anduril Industries, Erebor is designed to serve startups, technology companies, and the individuals who work at and invest in them. The bank aims to fill a gap in the market left by the collapse of Silicon Valley Bank in 2023, which had been a primary banking partner for early-stage technology firms and venture capital funds. Erebor plans to offer lines of credit backed by crypto or private securities, loans for AI chips, and other products tailored to the needs of technology businesses that traditional banks have been reluctant to serve. The bank received conditional approval from U.S. regulators in October 2025 and was granted its national charter in February 2026, with deposits insured by the FDIC. Erebor&#39;s investors include Founders Fund, Andreessen Horowitz, Lux Capital, and 8VC.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Investments in private technology companies like Erebor have historically produced some of the strongest investment returns, however the opportunity to invest in them before they go public has remained largely out of reach for most individuals. The Fundrise Innovation Fund (VCX) is designed to bridge that gap, giving individual investors low-fee access to the types of companies that have traditionally been available only to top venture capital funds.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About Fundrise</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Fundrise is the largest direct-to-consumer alternative investment platform in the U.S., having pioneered low-fee access to private-market investing for individual investors. Founded in 2012, Fundrise serves millions of users investing across real estate, private credit, and venture capital strategies. The company, headquartered in Washington, DC, has a team of technology and finance experts with deep regulatory experience, having cleared multiple public offerings with the SEC.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">About the Fundrise Innovation Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/quote/VCX">VCX</a>)</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fundrise Innovation Fund is a publicly registered, non-diversified, closed-end management investment company filed with the SEC in 2021. The Fund invests in leading private technology and AI companies, providing everyday investors access to venture capital opportunities that have historically been limited to institutional investors.

</p><p xmlns="http://www.w3.org/1999/xhtml">
<b xmlns="http://www.w3.org/1999/xhtml">There are no guarantees investment holdings of the Fundrise Innovation Fund (the "Fund") will be successful or perform similarly to the company featured.</b>

</p><p xmlns="http://www.w3.org/1999/xhtml">
Investing in the Fund is speculative and involves substantial risks. You should purchase shares of the Fund only if you can afford a complete loss of your investment.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Past performance does not guarantee future results. Current and future holdings are subject to risk. Returns of one company are not indicative of an investment in the Fund. To obtain Fund performance, visit GetVCX.com. The Fund&#39;s most recent schedule of investments is available at GetVCX.com.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Investors should consider the Fund's investment objectives, risks, charges, and expenses before investing. This information is included in the Fund Prospectus and can be accessed by calling (202) 804-0023. Read the prospectus carefully before investing.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Innovation Fund is publicly registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fund's portfolio will be concentrated in securities issued by technology companies and other investments that provide economic exposure to technology companies and as such, it may be subject to more risks than if it were broadly diversified across additional sectors and industries of the economy. Certain technology companies may face special risks that their products or services may not prove to be commercially successful. Technology companies are also strongly affected by worldwide scientific or technological developments, and as a result, their products may rapidly become obsolete.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fund's investments in companies involved in, or exposed to, artificial intelligence-related businesses may be negatively impacted because of, among other things, limited product lines, markets, financial resources and/or personnel; intense competition and potentially rapid product obsolescence these companies may face; loss or impairment of intellectual property rights; and the inability to successfully develop products or services even after spending significant amount of resources.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The Fund's investment in private company securities, whether made directly or indirectly (e.g., through derivatives or private pooled investment vehicles) are generally illiquid. Because private company securities are thinly traded, such securities may display especially volatile or erratic price movements, sometimes in response to relatively small changes in investor supply or demand or other market conditions.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Nothing in the advertising material should be construed as tax advice, an offer, recommendation, or solicitation to buy or sell any security. All investing includes risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Carefully consider the investment objectives, risks, charges and expenses of the Fundrise Innovation Fund, LLC before investing.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Fundrise, LLC ("Fundrise") operates a website at fundrise.com and certain mobile apps (the "Platform"). By using the Platform, you accept our Terms of Service and Privacy Policy. All images and return and projection figures shown are for illustrative purposes only, may assume additional investments over time, and are not actual Fundrise customer or model returns or projections. Past performance is no guarantee of future results. Any historical returns, expected returns, or probability projections may not reflect actual future performance. All securities involve risk and may result in partial or total loss. While the data we use from third parties is believed to be reliable, we cannot ensure the accuracy or completeness of data provided by investors or other third parties. Neither Fundrise nor any of its affiliates provide tax advice and do not represent in any manner that the outcomes described herein will result in any particular tax consequence. Prospective investors should confer with their personal tax advisors regarding the tax consequences based on their particular circumstances. Neither Fundrise nor any of its affiliates assume responsibility for the tax consequences for any investor of any investment. <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ffundrise.com%2Flegal%2Fdisclosure&amp;esheet=54461247&amp;newsitemid=20260323246136&amp;lan=en-US&amp;anchor=Full+Disclosure&amp;index=1&amp;md5=4a0334552e7896bfea47016f970ec2fb" shape="rect">Full Disclosure</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
For the Fundrise Advisors Form CRS please click <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Ffundrise.com%2Fdocuments%2Fadvisors-form-crs&amp;esheet=54461247&amp;newsitemid=20260323246136&amp;lan=en-US&amp;anchor=here&amp;index=2&amp;md5=83929675ad3af70281e65ed0820dc83a" shape="rect">here</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
The publicly filed offering circulars of the issuers sponsored by Rise Companies Corp., not all of which may be currently qualified by the Securities and Exchange Commission, may be found at fundrise.com/oc. For investors and potential investors who are residents of the State of Washington, please send all correspondence, including any questions or comments, to <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:washingtonstate@fundrise.com" shape="rect">washingtonstate@fundrise.com</a>.

</p><p xmlns="http://www.w3.org/1999/xhtml">
Fundrise takes any potential security issues seriously, and encourages the responsible and timely reporting of unknown security issues. Please send any discovered security concerns to <a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:securitydisclosure@fundrise.com" shape="rect">securitydisclosure@fundrise.com</a>

</p><p xmlns="http://www.w3.org/1999/xhtml">
&#xA9; 2026 Fundrise, LLC. All Rights Reserved. eREIT, eFund and eDirect are trademarks of Rise Companies Corp. Google Play and the Google Play logo are registered trademarks of Google LLC. Apple, the Apple logo and iPhone are registered trademarks of Apple Inc. NerdWallet and the NerdWallet logo are trademarks owned by NerdWallet, Inc. and used with permission. Proudly designed and coded in Washington, D.C.

</p><p xmlns="http://www.w3.org/1999/xhtml"><img xmlns="http://www.w3.org/1999/xhtml" alt="" src="https://cts.businesswire.com/ct/CT?id=bwnews&amp;sty=20260323246136r1&amp;sid=benz2&amp;distro=nx&amp;lang=en" style="width:0;height:0"></img><span xmlns="http://www.w3.org/1999/xhtml" class="bwct31415"></span></p><p xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink"><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-phrase">View source version on businesswire.com: </span><span xmlns="http://www.w3.org/1999/xhtml" id="mmgallerylink-link"><a xmlns="http://www.w3.org/1999/xhtml" href="https://www.businesswire.com/news/home/20260323246136/en/" rel="nofollow">https://www.businesswire.com/news/home/20260323246136/en/</a></span></p><p xmlns="http://www.w3.org/1999/xhtml">
<a xmlns="http://www.w3.org/1999/xhtml" rel="nofollow" href="mailto:media@fundrise.com" shape="rect">media@fundrise.com</a>

</p>

The Fundrise Innovation Fund (VCX) recently invested in Erebor Bank, a national bank aimed at serving technology firms, filling the gap left by the failure of Silicon Valley Bank. This move positions VCX to capitalize on private investment opportunities in the tech sector, which may enhance returns for individual investors seeking traditional venture capital access.

The Fundrise Innovation Fund (VCX) Invests in Erebor Bank

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

Related News