Matthew L. Devine

Biography

Matt Devine represents entrepreneurs, emerging-growth companies, fund managers, sponsors, established businesses, and investors in corporate transactions, financing, acquisitions, sales and strategic business matters. Serving as outside general counsel and strategic business adviser, he helps clients navigate legal and operational challenges, structure investments, raise and deploy capital, and pursue mergers, acquisitions, and other growth opportunities.

Drawing on his own entrepreneurial experience, Matt takes a practical, business-oriented approach to solving problems and advancing his clients' objectives. He also helps clients identify opportunities and connect with potential investors, strategic partners, and other resources that support their growth.

Matt has developed a substantial practice in the education and education technology sectors, drawing on his experience as an educator and policymaker to advise businesses, educational institutions, and organizations operating at the intersection of education, technology, and innovation. He is also an adjunct professor at Temple University Beasley School of Law, where he helped develop and has taught Lawyering for Entrepreneurship since 2016.

Client Experience

• Startups and Emerging Growth Companies
• Venture Capital and Private Equity Funds
• Buyers and Sellers of Businesses
• Fund Managers and Sponsors in Fund Formation and Capital Raising Transactions
• Family Office Investors
• Angel Investors
• Crowdfunding Issuers under Regulation D, Regulation A, and Regulation CF

Outside General Counsel & Strategic Business Advisory

Matt serves as outside general counsel to startups, emerging-growth companies, established businesses, and nonprofit organizations, providing ongoing legal and strategic guidance throughout the business life cycle. His work encompasses entity formation, corporate governance, commercial contracts, strategic partnerships, financing, and the legal and operational issues businesses encounter as they grow.

Drawing on his entrepreneurial background, Matt works closely with founders, executives, and business owners to address challenges, evaluate opportunities, and develop practical solutions aligned with their objectives. His approach extends beyond individual transactions to helping clients establish business relationships and access the resources needed to support their development.

Representative Matters

• Served as outside general counsel to a biotechnology startup from inception through multiple financing rounds and graduation from a prestigious New York accelerator, providing legal guidance on formation, strategic growth, and investor readiness.
• Serves as outside general counsel to a Philadelphia-based community and networking organization dedicated to advancing artificial intelligence and machine learning, including securing tax-exempt status and drafting and negotiating commercial contracts.
• Serves as outside general counsel to a Bay Area HR-technology company, advising on corporate governance, employment matters, commercial contracting, and ongoing business operations.
• Represented a nonprofit organization dedicated to improving care for people with complex health and social needs in Camden, New Jersey, in connection with a partnership and investment involving a health information startup.
• Serves as outside general counsel to a family office investing in real estate and automotive technology companies.

Fund Formation, Capital Raising & Investment Transactions

Matt represents investment funds, fund sponsors, family offices, registered investment advisers, and individual investors in fund formation, investment structuring, capital raising, and investment transactions. His experience spans venture capital, private equity, hedge funds, real estate investment funds, special purpose vehicles, and investment syndicates.

He advises clients on traditional and alternative securities offering structures, including Regulation A, Regulation D, Regulation CF, private placements, and crowdfunding transactions. Matt takes a creative, solutions-oriented approach to navigating complex regulatory frameworks and developing compliant financing and investment structures tailored to clients' objectives.

Representative Matters

• Represented a registered investment adviser in its formation and capital-raising activities, as well as numerous investment transactions, including the deployment of approximately:
  • $79 million in a service provider to the retail industry
  • $43 million in a medical device and pharmaceutical company
  • $33 million in a private aviation company
  • $26 million in an oil and gas platform with holdings in the United States and the Middle East
  • $12.3 million in a medical device manufacturer
  • $9.5 million in a medical device manufacturer
  • $8.2 million in a pharmaceutical company
  • $6.6 million in an artificial intelligence platform
  • $4.8 million in a financial technology company
  • $2.6 million in a private bank
  • $2 million in a virtual reality fitness company
• Advised a $15 million venture capital fund investing in U.S.-based and Canadian-based companies in the pharmaceutical space, with investors from the United States and India.
• Represented Scholar Hospitality Holdings I LLC, a hospitality real estate investment company affiliated with Scholar Hotels LLC, in connection with the launch of its Regulation A investment offering involving a portfolio of State College hospitality and real estate assets. See Scholar Hotels Case Study.
• Represented the purchaser of a title insurance company in a simultaneous stock acquisition, redomestication, and $75 million Regulation A offering.
• Represented a leading biomaterials startup operating in the luxury fashion industry in connection with several financing rounds in excess of $7 million featuring two prominent European impact venture capital funds. RCCB has served as the company's outside general counsel since its inception and has included representation of the company in several complex, cross-border commercial contracts with suppliers, vendors, and joint development partners. The company was previously recognized as Startup of the Year for Europe by the Founder Institute and its products were featured on the front page of the New York Times Style Section as a leading innovator in this space.
• Represented an international commercial solar energy company in several Regulation D and Regulation A offerings targeting U.S.-based investors for projects in the United States, Brazil, and sub-Saharan Africa.
• Formed several real estate investment funds for clients ranging from $4 million to $20 million.
• Represents a major music industry executive in various investments in the finance and entertainment space.

Education & Technology

Matt has developed a substantial and growing practice representing education technology companies, educational institutions, education service providers, and nonprofit organizations. His work includes counseling companies developing educational software, artificial intelligence platforms, digital learning solutions, and workforce development technologies, as well as advising organizations serving K–12 and higher education markets.

His background as an educator and policymaker, together with his experience working with public schools, education-focused organizations, and government institutions, provides him with a distinctive understanding of the education sector. He combines this industry knowledge with his corporate and transactional experience to advise clients on formation, financing, corporate governance, commercial contracting, strategic partnerships, and growth opportunities.

Representative Matters

• Serves as outside general counsel to one of the fastest-growing higher education companies in the United States, advising on the drafting, negotiation, and closing of partnerships with numerous public and private universities, colleges, junior colleges, and community colleges across the United States.
• Represents an educational software company serving neurodivergent higher education students, providing outside general counsel services since its inception, including representation through multiple financing rounds and a potential acquisition by a larger private equity firm.
• Serves as outside general counsel to a generative artificial intelligence company focused on improving classroom efficiencies, including advising on commercial contracts and data privacy matters.
• Serves as outside general counsel to an online private school, advising on data privacy, employment matters, and commercial contracting.
• Represented a Pennsylvania-based education nonprofit in its merger with a Washington, D.C.-based national nonprofit.
• Serves as outside general counsel to a technology company operating in the workforce development and adult education sector.
• Represents an educational sustainability consulting business from inception, advising on corporate governance, commercial contracts, fundraising, employment matters, and litigation-related issues.
• Represents a generative artificial intelligence education company that provides lesson plans and teacher evaluation tools for K–12 teachers and administrators.

Healthcare, Life Sciences & Medical Devices

Matt represents healthcare, life sciences, medical device, pharmaceutical, digital health, and healthcare services companies in corporate, financing, commercial, and strategic transactions. His experience spans companies at different stages of development, from formation and early-stage growth through institutional financing, strategic partnerships, regulatory structuring, acquisitions, and sales. 

He serves as outside general counsel and transactional counsel to healthcare businesses, investors, and nonprofit organizations, advising on entity and practice structuring, capital raising, corporate governance, commercial arrangements, licensing, and transactions involving private equity and venture capital investors. 

Representative Matters 

• Served as outside general counsel to an online physical therapy and coaching platform from inception, advising on formation, corporate governance, commercial arrangements, strategic partnerships, and financing matters, including the negotiation of an investment by a leading Tier 1 New York-based venture capital fund. 

• Represented a master franchisor of autism support services in structuring its franchising operations and affiliated clinical practices, including through multiple rounds of financing. 

• Represented the founders of a medical spa established within an existing non-medical facility in connection with its formation, ownership and operational structure, and capital-raising transactions. 

• Represented a private equity sponsor in the acquisition of multiple dental practices and continues to advise related portfolio companies on corporate, financing, and commercial matters. 

• Represented a pharmaceutical compounding company in connection with the importation, licensing, and commercialization of compounded pharmaceutical products sourced from overseas for distribution in the United States. 

• Served as outside general counsel to an online healthcare platform connecting students with disabilities and mental health challenges, and their families, with licensed providers, advising the company from formation through financing, commercial contracting, and strategic growth matters. 

• Represented the seller of a New Jersey hospital and medical facility in a transaction with a private equity buyer valued in excess of $25 million. 

• Represented a nonprofit healthcare advocacy organization in structuring and negotiating a commercial arrangement with a for-profit healthcare technology company. 

Mergers & Acquisitions

Matt represents buyers and sellers in domestic and cross-border mergers and acquisitions, including transactions involving emerging-growth companies, established operating businesses, private equity sponsors, and strategic investors. His experience includes sell-side transactions, strategic acquisitions, private equity-backed investments, and industry consolidation and roll-up strategies.

He advises clients on transaction structuring, negotiations, and related corporate matters, bringing a practical understanding of the business and investment considerations underlying acquisitions and sales.

Representative Matters

• Assisted the seller of a private aviation company in connection with a $130 million asset sale to a large public government contracting company.
• Represented Enable Consulting, an IT consultancy, in the sale of 100% of its membership interests to Prolifics, a global digital engineering company with capabilities in Salesforce engineering and AI-powered analytics.
• Represented the seller of an educational information and software company in connection with a $10 million stock and asset sale.
• Represented a public company in its acquisition of several software-as-a-service (SaaS) and insurance technology (Insurtech) companies.
• Represented a New Jersey-based private equity sponsor from inception through sponsor and fund formation, debt and equity capital raising, and the acquisition of eight dental practices, including the closing of three commercial loans.
• Represented an Israeli public company in its $48 million acquisition of a privately held plastics company with locations in Wisconsin and North Carolina.