Chipotle Mexican Grill’s venture fund, Cultivate Next, is expanding its investment in start-ups focused on sustainable plant-based proteins and aquatic plant-derived feed.
Launched in 2022, Cultivate Next aims to support early-stage companies that advance technology and innovation in restaurant operations. The fund also aligns with Chipotle’s mission to “Cultivate a Better World.” Initially started with $50 million, the fund has since doubled to $100 million, entirely financed by Chipotle.
The latest recipients of Chipotle’s investment are two companies specializing in aquatic plant-based products:
Plantible Foods
Founded in 2018, Plantible has created a vertically integrated platform to produce Rubi Protein, derived from lemna, commonly known as duckweed. This natural, plant-based protein is designed to replicate the taste, texture, and quality of animal-based proteins while replacing synthetic emulsifiers and binders.
The company’s manufacturing process is designed to reduce freshwater usage by recirculating water and cut carbon emissions, making it an environmentally sustainable choice.
Curt Garner, Chipotle’s Chief Customer and Technology Officer, praised Plantible’s commitment to transparency and sustainability. “Plantible’s vertically integrated and traceable supply chain aligns with our Food with Integrity standards.
This investment reflects our belief in transforming the food supply to unlock new opportunities for plant-based options in the industry,” he said.
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