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Chipotle Launches $50 Million Venture Fund to Foster Innovation
Chipotle is launching a $50 million venture fund.
Chipotle Mexican Grill is hoping to revolutionize the restaurant industry.
The quick-service restaurant chain announced the launch of Cultivate Next, a venture fund that will support seed-to-Series B stage companies that focus on increasing technology and innovation in restaurant operations and align with its mission to “Cultivate a Better World.” The fund will have an initial size of $50 million and will be financed solely by Chipotle.
The fund launch comes as the company is continuing its...