The burrito chain added to its innovation efforts by announcing a strategic investment arm focusing on restaurant, food supply and sustainability technology.
Fast food chain Chipotle Mexican Grill launched a $50m corporate venture capital vehicle yesterday to invest in companies innovating in the food industry.
Dubbed Cultivate Next will be capitalised through Chipotle’s balance sheet and will focus on seed to series B-stage companies developing innovative products across areas such as advanced robotics, farming and the supply chain, as well as restaurant operations and sustainable food.
Chipotle has been exploring innovation for a while, having launched an accelerator called Chipotle Aluminaries Project…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
