Thursday, April 21, 2022

Chipotle Launches $50M Venture Fund, Cultivate Next

Newport Beach-based Chipotle has launched a new, $50M venture capital fund, which it says will make early-stage investments in seed to Series-B companies. The fast casual restaurant chain said the new "Cultivate Next" venture fund will be funded entirely by the restaurant chain, and initially focus on startups who are developing technology and innovation for its restaurants. The new venture unit was announced by Chipotle Chief Technology Officer Curt Garner.