Foreverland, a Milan-based foodtech company developing cocoa-free chocolate alternatives, has secured €6 million in a new funding round, bringing its total capital raised to €9.4 million. The round includes follow-on investment from Kost Capital and Maia Ventures, alongside new investors, including CDP Venture Capital, Linfa agrifoodtech fund (managed by Riello Investimenti SGR), and Newtree Impact.
Foreverland develops sustainable, cocoa-free ingredient solutions designed to reduce supply chain risks in the confectionery industry. Its flagship product, Choruba, is made from Mediterranean crops such as carob and is designed to replicate the taste and functionality of chocolate while offering more stable pricing and lower environmental impact.
The company addresses key challenges in the cocoa market, including price volatility, supply shortages, and climate-related pressures. By providing industrial-scale alternatives, it enables manufacturers to maintain production stability while reducing dependency on traditional cocoa.
Massimo Sabatini, co-founder and CEO of Foreverland, said the funding reflects the company’s progress not only as a foodtech innovator but also as a dependable industrial partner for confectionery manufacturers.
With IFS Food certification in place and demand accelerating, we’re scaling commercial growth across Europe, strengthening key partnerships, and bringing in senior talent from the cocoa and chocolate industry to support manufacturers at scale,
Sabatini adds.
With the new funding, Foreverland plans to accelerate its expansion across Europe, strengthen partnerships with major confectionery players, and recruit senior commercial talent. The company is also expanding its product portfolio, including the development of an organic cocoa-free line to address growing demand in the segment.
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