Chilango aims to raise further £1m through Crowdcube

London-based Mexican restaurant chain, Chilango is looking to raise another £1m through Crowdcube to help expansion from nine to 50 new sites over the next five years.

The company launched its Burrito Bond in August last year and completed it having raised £2.16m from 749 investors. The security will generate an 8% return over a four year term.

Chilango was founded by two former Skype executives Eric Partaker and Dan Houghton (pictured with Luke lang, co-founder and CMO of Crowdcube) back in 2007.

Over the past few years they have developed a successful restaurant chain with a strong following and award-winning food.