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Vertalo onboards, converts venture investors to key team members

Tony Zerucha



Blake Richman

Vertalo, a cap table and investor onboarding platform for real estate, private equity, and venture-funded companies seeking secondary liquidity, has hired two Vertalo investors, Spencer Kaye and Blake Richman. Mr. Kaye joins as vice president of corporate development and Mr. Richman as vice president of finance, both new positions created for their specific areas of expertise. Both hires have invested in the digital asset sector specifically in the development of technologies for improved venture fund management, and their joining Vertalo is another indicator of the strength of Vertalo’s position in the evolvement of the private asset market. 

Vertalo CEO and cofounder Dave Hendricks considers himself lucky to have such supportive investors who can bring more than funding to the table.  “I am ecstatic to have the opportunity to work alongside a group of talented investors and builders in the digital asset sector. Spencer and Blake chose to invest early in Vertalo’s development and their decision to join and help us grow is the best vote of confidence that any CEO could hope for.”


Spencer Kaye

  • Spencer Kaye comes to Vertalo from Transform Capital, a private alternative investment firm that is sector agnostic but bias towards early-stage companies that are democratizing finance. He was first introduced to distributed ledger technology (DLT) when he built one of the first Bitcoin ASIC mining operations in the US. He later became involved in the Ethereum ecosystem as an evangelist and investor, placing early bets on the protocol as well as the applications built on top.  


  • Blake Richman invested in Vertalo as the CIO at NovaBlock, a seed investment fund building the ecosystem for blockchain-based capital markets. He believes that distributed technology will fundamentally change ownership and transaction of financial assets. Previously, he was a senioranalyst as Hercules Capital, Inc. (NYSE: HTGC), a specialty finance company focused on partnering with venture capital-backed companies in technology-related industries, including technology, biotechnology, life science, and energy and renewable technology, at all stages of development. Since inception (December 2003), Hercules has committed more than $6.0 billion to over 350 companies.


“Vertalo is dramatically improving the way private markets are funded, managed, and sold by providing a suite of products for fund managers, broker-dealers, and privately held business owners,” Mr. Kaye said. “This technology allows issuers to increase their asset’s liquidity, portability, and transparency.” 

In the last 6 months, Vertalo has partnered with Securrency, tZero, US Capital Global, Entoro, and Issuance. The company also signed the largest tokenized real estate deal with Inveniam Capital and Securrency in March 2019.  

Tony Zerucha

Tony Zerucha is an alternative finance journalist with more than seven years experience in the space. The author of more than 1,000 articles, Tony was named LendIt's 2018 Journalist of the Year.

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