Bristol spin-out Revolymer completes £10M round

Funding round completed

Bristol University spin-out Revolymer Ltd has completed a £10 million financing round that will enable it to advance the commercialisation of its non-stick chewing gum technology. The company’s polymer technology will also be relevant to other consumer products with enhanced physical properties.

Revolymer says its non-stick chewing gum can be readily removed from pavements and other surfaces. Currently, UK local authorities spend millions of pounds annually in more labour intensive, and expensive cleaning methods. The technology is also relevant to medicated gums, personal care products and paints and coatings.

Revolymer, based in Mostyn, Wales, received its initial funding from the quoted technology commercialisation specialists IP Group plc. Following this round IP Group has an 11.2 per cent stake in Revolymer, valued at £3 million. Funds managed by Top Technology Ventures Ltd, a subsidiary of IP Group plc, invested £800,000 in the financing, with the remainder coming from institutional and private investors.