News of the funding from the unnamed investors, who have a combined turnover in their respective food manufacturing, distribution and drinks businesses of £100m, comes as the company prepares to open its third site in Leadenhall, London.
Poncho 8, launched in 2008 by friends Frank Yeung and Nick Troen, gives diners the option of ordering a burrito, a skinny box (salad), a nacho box or filled tacos. Its new investors are expected to take an active role on its board.
Troen said with its current funding options Poncho 8 could open up to 60 outlets by the end of 2016 without the need for further equity. The company is expected to stay focused on London for expansion.
He said: “It’s incredibly exciting to have secured such significant investment. Having recently celebrated our third birthday, we’re now looking forward to taking our fresh Mexican food into a further 17 stores by the end of our fifth year.”