The new venture fund will have an initial size of $50 million and will be financed solely by Chipotle.
Chipotle Mexican Grill's newest role? Investor. Chipotle Mexican Grill has formed Cultivate Next, a new venture which intends to make early-stage investments into strategically aligned companies that further the company's mission "to cultivate a better world." The new venture fund will have an initial size of $50 million and will be financed solely by Chipotle.
Investing in Technology
The fund aim is to support seed to Series B stage companies that can accelerate the the fast-casual brand's priorities -- such as running great restaurants, amplifying technology and innovation, further advancing its Food With Integrity mission, and expanding access and convenience for consumers.
"We are exploring investments in emerging innovation that will enhance our employee and guest experience, and quite possibly revolutionize the restaurant industry," said Curt Garner, Chief Technology Officer, Chipotle. "Investing in forward-thinking ventures that are looking to drive meaningful change at scale will help accelerate Chipotle's aggressive growth plans."