US-based restaurant chain Chipotle has launched its first alt-protein option since 2014. The new Plant-Based Chorizo will initially be trialled in Denver and Indianapolis.
Chipotle Doubles Cultivate Next Fund to $100M to Drive Sustainability and Innovation in Food Tech
Chipotle Mexican Grill (NYSE: CMG) has announced a $50 million expansion of its Cultivate Next venture fund, increasing the total pool to $100 million. The fund, established in 2022 with an initial $50 million, focuses on early-stage investments in companies developing innovations in agriculture, supply chains, automation, and restaurant technology. The initiative is part of Chipotle’s strategy to accelerate growth and enhance operations, with the company aiming to increase its restaurant count to 7,000 locations across North America. According to Curt Garner, Chipotle’s chief customer and technology officer, “Our decision to double our commitment to our Cultivate Next venture fund is a clear indicator that we are investing in the right companies that we can learn from and utilize to improve the human experience of …