Cryptocurrency asset recovery service provider Eisen has completed a $10 million Series A financing round, led by MissionOG

According to Fortune magazine, Eisen announced the completion of a $10 million Series A financing round, led by MissionOG, bringing its total funding to $18.5 million. Previously, the company completed an $8.5 million seed round, led by Index Ventures, which had not been publicly disclosed. Institutions such as First Round Capital, Cowboy Ventures, Homebrew, and Restive Ventures also participated.

Eisen provides a service to financial service platforms for handling the "unclaimed property transfer" process, while also helping to locate clients and prevent funds from being transferred to state governments in the U.S. after becoming unclaimed. The company's co-founder Osgood (formerly a product manager at Coinbase) is particularly focused on the field of crypto assets. An increasing number of states are beginning to view crypto assets as transferable unclaimed property. Although the amounts may be small individually, the overall scale is quite substantial: U.S. states collectively hold about $70 billion in funds through the escheatment mechanism, which are assets legally turned over to state governments after accounts have been inactive for a long time.