ChainCatcher report, according to Fortune magazine, Eisen has announced the completion of a $10 million Series A round led by MissionOG, bringing its total funding to $18.5 million. Previously, the company had raised an undisclosed $8.5 million in seed funding led by Index Ventures. Investors also include First Round Capital, Cowboy Ventures, Homebrew, and Restive Ventures. Eisen provides a service to financial services platforms to manage the “escheatment” process—helping locate customers and prevent funds from being transferred to U.S. state governments after being abandoned. Co-founder Osgood, formerly a product manager at Coinbase, has a particular focus on crypto assets. An increasing number of states are now treating crypto assets as unclaimed property subject to escheatment. While individual amounts may be small, the overall scale is substantial: U.S. states collectively hold approximately $70 billion in funds through escheatment mechanisms—assets legally transferred to states after prolonged account inactivity.
Eisen Completes $10M Series A Funding Led by MissionOG
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Summary
Eisen, a crypto asset recovery service, closed a $10 million Series A round led by MissionOG, bringing total funding to $18.5 million. The funding announcement follows an undisclosed $8.5 million seed round led by Index Ventures. Investors include First Round Capital, Cowboy Ventures, and Restive Ventures. Eisen helps financial platforms manage escheatment by locating account holders to prevent funds from being turned over to U.S. states. Digital asset news underscores growing demand as more states classify crypto as escheatable property, with U.S. states currently holding approximately $70 billion in unclaimed assets.
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