Mexican chain hits £3.2m in crowdfunding for London expansion
London based Mexican restaurant chain Chilango has achieved over three times its targeted £1m crowdfunding goal.
The Burrito Bond 2 crowdfunding campaign began last October, when the company decided to accelerate its search for new premises as part of its ongoing expansion.
Opening its first restaurant on Upper Street in Islington in 2007, the chain experienced rapid growth and media coverage, featuring on TV shows such as The Apprentice and Market Kitchen with Tana Ramsey.
Operating 10 restaurants across the city, the quick-service chain is looking to acquire ground floor sites in key areas such as residential neighbourhoods, transport hubs, university campuses and hospitals.
The expansion has attracted interest from high-profile investors including former CEO at Domino’s Pizza UK Chris Moore, former managing director at itsu David Haimes and Laurie Morgan, former McDonald’s UK marketing vice-president Laurie Morgan.
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