Joel Ruffini

Areas of Practice

• Corporate Law
• Venture Capital/Private Equity
• Emerging Companies
• Mergers and Acquisitions

Representative Matters

Private Equity and Growth Equity Transactions

• Represented institutional investor in an equity investment in a regulated financial institution with total transaction proceeds in excess of $600 million.

• Represented institutional investor in a growth equity financing round for a carrier rocket and launch systems technology company.

• Represented institutional investor in a $175 million financing transaction for a pharmaceutical development company.

• Represented investor in a recapitalization and $150 million pay-to-play financing transaction for a company in the on-demand delivery space.

• Represented strategic investor as a co-lead investor in a $150 million capital raising transaction for a lithium-ion battery cell manufacturer.

• Represented crossover fund as lead investor in a $105 million preferred stock financing for a vacation home rental company.

• Represented a company in the non-fungible token (NFT) space in multiple rounds of financing transactions totaling over $100 million in invested capital including a $65 million growth equity financing transaction.

• Represented health and fitness company in corporate reorganization and $73 million secondary transaction in preparation for a SPAC transaction.

• Represented financial lending company and its subsidiary as target in private equity transaction involving approximately $63 million in debt and equity financing.

• Represented private equity fund as a lead investor in a growth equity financing and debt recapitalization transaction.

• Represented enterprise software company in a growth equity and secondary financing transaction.

• Represented healthcare software company in a $21 million growth equity financing transaction including $6 million of secondary transactions.

• Represented private equity fund in connection with a debt and equity issuance transaction.

• Represented crossover fund in a $15 million preferred stock financing for a financial services and technology company.

• Represented internet of things company in a change of control transaction involving $8 million in growth equity financing and secondary transaction proceeds.

• Represented enterprise software company in $7 million growth equity financing and secondary transaction.

Venture Capital Financing Transactions

• Represented autonomous flight system company in financing transactions totaling $21 million from strategic investors in the aerospace, defense, and construction industries.

• Represented data analytics company in financing transactions totaling $18 million.

• Represented telemedicine company in financing transactions totaling $13 million in invested capital.

• Represented a publicly traded retail company in a $12 million strategic investment in an esports company.

• Represented insurtech company in a $10 million Series A financing transaction, $1.76 million Series Seed financing transaction, convertible debt financing transaction, and venture debt financing transaction.

• Represented event planning software company in multiple rounds of financing transactions.

• Represented venture capital fund in a $10 million Series B financing transaction for a consumer facing software company.

• Represented consumer brand focused venture capital fund as lead investor in a Series B financing transaction for a makeup company.

• Represented blockchain technology company in financing transactions raising over $10 million.

• Represented artificial intelligence technology company in $10 million Series A financing transaction.

• Represented healthcare technology company in multiple rounds of financing transactions totaling over $10 million in invested capital.

• Represented ecommerce company in financing transactions totaling over $10 million.

• Represented furniture marketplace company in financing transactions totaling over $10 million.

• Represented personal safety technology company in financing transactions totaling over $10 million.

• Represented organic food company in $9 million convertible security financing transaction.

Mergers and Acquisitions

• Represented healthcare data analytics company as target in a $30 million acquisition.

• Represented technology company as target in a merger valued at $30 million including roll-over equity with a subsidiary of a private equity backed platform company.

• Represented technology company as target in a sale of equity interests to a private equity backed platform company.

• Represented an engineering software and consulting company as seller in a $17 million asset purchase transaction to a private equity backed platform company.

• Represented software company as target in a merger valued at $15 million including roll-over equity.

• Represented seller in the sale of equity interests to a public company purchaser with total sale proceeds of approximately $12 million plus earnout amounts.

• Represented software company with operations in the US and Mexico in an acquisition by an Australian buyer.

• Represented linen service company as a buyer in a series of multi-million dollar acquisitions.

• Represented medical practice as seller of certain assets to a private equity backed healthcare management company. 

• Represented private equity fund in a series of acquisition proposals, and as seller in the disposition of a portfolio company.

Admissions

• Pennsylvania
• New Jersey

Education

• Drexel University, Thomas R. Kline School of Law, J.D., 2014
• University of Minnesota, B.S., Psychology, 2011
• University of Minnesota, B.A., History, 2011

Experience

• Duane Morris LLP
  - Associate, 2021-present
• Cozen O’Connor
  - Associate, 2020-2021
• Baer Crossey McDemus LLC
  - Associate, 2016-2020
• Ruffini Law LLC
  - Attorney, 2014-2016

Professional Activities

• Philadelphia Bar Association
• American Bar Association
  - Business Law Section