Revolymer, which makes chewing gum that is easier to remove from streets and pavements, was backed by the Setsquared Partnership, a joint venture capital initiative between Bath, Bristol, Exeter, Southampton and Surrey.
Revolymer, a polymers company which is backed by the Setsquared Partnership, a joint venture capital initiative between Bath, Bristol, Exeter, Southampton and Surrey universities, has raised £25m ($39m) on the London Stock Exchange’s Alternative Investment Market.
Revolymer makes polymers for consumer products, including chewing gum that is easier to remove from streets and pavements.
Revolymer was listed with a market capitalisation about £53m. It was listed on 10 July at £1.00 per share last month and was trading yesterday at £1.015 per share.
Its trading subsidiary was founded by Dr Roger Pettman and Professor Terence Cosgrove, and was based on technology developed by Professor Cosgrove at the University of Bristol.
The company received £750,000 in 2006 from investors including the SETsquared Partnership and IPGroup . Further rounds of funding secured £2m, £10m and then £5.8m.
Graham Harrison, partnership director at SETsquared, said: "Revolymer is a great example of…
