Chipotle's Cultivate Next Fund

Chipotle's Cultivate Next Fund is a corporate venture capital fund established by Chipotle Mexican Grill to invest in early-stage companies that align with its mission to Cultivate a Better World. The fund focuses on sectors such as supply chain, agriculture, restaurant innovation, automation, and plant-based foods, aiming to support companies that can accelerate Chipotle's growth and strategic priorities. Since its inception in 2022, Cultivate Next has made several investments, including in Hyphen, a foodservice platform automating kitchen operations, and Meati Foods, a company producing plant-based proteins from mushroom root. In 2024, the fund increased its commitment to $100 million, reflecting its dedication to fostering innovation in the food industry. Cultivate Next continues to seek investments that enhance food production, sustainability, and technological advancements in the restaurant sector.

The fund's portfolio includes companies like Lumachain, which utilizes AI to improve food production safety and efficiency, and Brassica, a fast-casual restaurant concept committed to wholesome ingredients and sustainable practices. Additionally, Cultivate Next has invested in Plantible, a company harnessing aquatic plants to create plant-based proteins, and CH4 Global, which focuses on reducing methane emissions from cattle. These investments demonstrate the fund's commitment to supporting innovative solutions that align with Chipotle's values and mission.

Cultivate Next operates with a focus on early-stage investments, targeting seed to Series B companies. Its geographical focus spans the United States, Canada, the United Kingdom, France, Germany, and Kuwait, reflecting Chipotle's international presence. The fund's strategic approach aims to identify and support companies that can contribute to a more sustainable and efficient food system, aligning with Chipotle's commitment to responsible sourcing and innovation in the food industry.