Chipotle announced the formation of Cultivate Next, a new venture which intends to make early stage investments into strategically aligned companies that further the company’s mission to ‘Cultivate a Better World’ The new venture fund will have an initial size of $50 million and be financed solely by Chipotle. ‘Investing in forward-thinking ventures that are looking to drive meaningful change at scale will help accelerate Chipotle’s aggressive growth plans,’ says Curt Garner, Chipotle’s chief technology officer. In Q4, revenue rose 22 percent, year-over-year, to $2 billion, and comps hiked 15.2 percent. Digital sales, even against 2021’s skyrocket, ticked up 3.8 percent to 41. . . .
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