Chipotle Mexican Grill Launches $50M Venture Fund

by Shivani Kumaresan, Benzinga Staff Writer

April 19, 2022 12:30 PM | 1 min read | Make a Comment

Chipotle Mexican Grill Inc CMG said it is launching a new venture, Cultivate Next, with an initial size of $50 million.
Cultivate Next aims to support Series B stage companies that can accelerate its priorities like running restaurants and amplifying technology and innovation.
"We are exploring investments in emerging innovation that will enhance our employee and guest experience, and quite possibly revolutionize the restaurant industry," said Curt Garner, Chief Technology Officer, Chipotle.
Price Action: CMG shares are trading higher by 2.73% at $1,633.23 on the last check Tuesday.

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