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…