Over 380 backers have helped the project raise £44,000 ahead of its Kickstarter deadline at 10pm tonight (7 June).
Santo Remedio, which means ‘Holy Remedy’ in Spanish, was launched in Shoreditch by Wahaca's former head of menu innovation Edson Diaz-Fuentes and his wife Natalie last year.
The restaurant received glowing reviews, but the team were forced to shut up shop after just five months citing problems ‘outside their control’.
The funding will be used to open a new site in London’s zone one with a larger kitchen and additional seating capacity.
Pledges beyond the £40,000 target will be used to import art work and décor from Mexico to transform the bar area in to a replica of authentic Mexican cantinas and mezcalerias.
The new restaurant will continue to service Mexico City-style carnitas and octopus tostadas, as well as more speciality regional dishes.