The Madera Group, the West Hollywood, Calif.-based operator of Tocaya Organica and Toca Madera, on Wednesday said it has received a $20.85 million equity investment from investment firm Breakwater Management.
The investment will be used to fund the expansion of 10-unit Tocaya, a fast-casual organic Mexican concept, as well as the company’s other concepts, such as fine-dining Mexican concept Toca Madera and beach lounge concept Casa Madera, established in partnership with Caesars Entertainment.