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Chipotle doubles down on venture fund

Feb 28, 2024
Illustration of a robot hand placing a coin inside a piggy bank with rectangles of dollar bills creating a geometric patten behind it

Illustration: Natalie Peeples/Axios

Chipotle is committing an additional $50 million to its venture fund, two years after the fund made its debut.

Why it matters: The move underscores the fast-casual restaurant chain's commitment to sustainability and driving efficiencies in kitchens and farms.

Zoom in: With the new funding, it will continue to invest in supply chain, agriculture, restaurant innovation, and automation startups.

The latest: Chipotle's Cultivate Next fund will top up some of its existing investments.

  • It plans to make an additional investment into Local Line, a local food sourcing platform for regional food systems, and Hyphen, a foodservice platform helping restaurants automate kitchen operations.
  • The company's other investments include GreenField Robotics, Nitricity, Vebu, Meati and Zero Acre Farms.
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