Guzman y Gomez (GYG), a Mexican food chain, has secured $44 million in investment from New York-based private equity firm TDM Growth Partners to accelerate its growth and continue its investment in technology.
The new funding will be used to build on GYG’s growing footprint of close to 120 Australian restaurants and drive-thrus and fuel expansion into new markets, including the U.S.
The new funding will also be used to strengthen the company’s technical foundations, including its operating platform.
GYG has also sought to open its first store in the U.S. in Chicago in the first quarter of the calendar year 2019.