Chipotle Mexican Grill has increased its Cultivate Next venture fund to $100 million, doubling its initial $50 million pool. The fund focuses on early-stage investments in companies driving innovation in agriculture, supply chains, and restaurant technology. Chipotle aims to use these investments to enhance its operations and accelerate growth, with a goal of expanding to 7,000 locations in North America.

The fund has supported startups like Meati Foods and Zero Acre Farms, which are developing plant-based alternatives and sustainable cooking oils, respectively. Chipotle is also exploring environmentally friendly menu ingredients through these investments. With a portfolio that includes companies like Plantible and Local Line, the Cultivate Next fund is making a positive impact on areas such as supply chain, agriculture, restaurant innovation, and automation.