Nanocomposite materials based on copolymers of styrene and n-butyl methacrylate with either graphene oxide (GO) or functionalized graphene oxide (F-GO) were synthesized using the in-situ bulk radical copolymerization technique. Reaction kinetics was studied both experimentally and theoretically using a detailed kinetic model also taking into account the effect of diffusion-controlled phenomena on the reaction kinetic rate constants. It was found that the presence of GO results in lower polymerization rates accompanied by the synthesis of copolymers having higher average molecular weights. In contrast, the presence of F-GO did not seem to significantly alter the conversion vs time curves, whereas it results in slightly lower average molecular weights. The first observation was attributed to side reactions of the initiator primary radicals with the hydroxyl groups on the surface of GO, resulting in lower initiator efficiency, whereas the second to grafted structures formed from copolymer macromolecules on the F-GO surface. The copolymerization model predictions including MWD data were found to be in satisfactory agreement with the experimental data. At least four adjustable parameters were employed and their best-fit values were provided.