PANews reported on May 19th that, according to Fortune, compliance technology startup Eisen announced the completion of a $10 million Series A funding round, bringing its total funding to $18.5 million. Investors include MissionOG, Index Ventures, and First Round Capital. Eisen provides brokerage firms, fintech companies, and crypto platforms with a one-stop escheatment compliance and customer recovery service, helping to locate users and prevent funds from being transferred to state governments before assets are used for extended periods. The report quoted co-founder and CEO Allen Osgood as saying that U.S. states currently hold approximately $70 billion in escheated funds, including stocks and crypto assets; of the crypto assets Eisen is tracking, approximately $700 million is expected to be at risk of being seized by state governments by 2026, with many states already considering crypto assets as escheatable property.
Eisen, a US-based company that helps recover dormant assets, has raised $10 million in Series A funding.
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