Crypto Asset Recovery Service Provider Eisen Completes $10 Million Series A Financing Round, Led by MissionOG

Per Fortune, fintech startup Eisen announced on May 19th that it has closed a $10 million Series A funding round led by MissionOG, bringing its total capital raised to $18.5 million. The company previously secured an $8.5 million seed round (led by Index Ventures, whose investment amount wasn’t made public at the time) to launch its operations. Additional participants in this latest Series A round include First Round Capital, Cowboy Ventures, Homebrew, and Restive Ventures. Eisen provides tools for financial platforms to streamline "unclaimed property transfers"—its service locates inactive account holders so they can claim their funds, stopping those assets from being escheated, or turned over, to U.S. state governments after a set period of dormancy. Co-founder Osgood, a former product manager at Coinbase, has centered much of his work on the cryptocurrency asset space. Increasingly, U.S. states are starting to recognize crypto assets as eligible for unclaimed property rules. While individual crypto claim amounts may be small, the overall scale is significant: U.S. states collectively hold around $70 billion in unclaimed funds through escheatment processes, where assets are transferred to the state once an account has been dormant for an extended period.