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.