Foreverland has raised €6 million to accelerate its expansion across Europe, taking total capital raised to €9.4 million as the Italian foodtech company scales commercial growth for its cocoa-free chocolate alternative, Choruba.
The round includes follow-on backing from existing investors Kost Capital and Maia Ventures, alongside new investment from CDP Venture Capital, through its Accelerator Fund and Italia Venture II Fund, Linfa agrifoodtech fund managed by Riello Investimenti SGR, and Newtree Impact. The company said the funding will be used to deepen relationships with confectionery manufacturers in Germany, France, and Italy, while also bringing in senior commercial talent from the cocoa and chocolate sector.
The raise comes as Foreverland works to position itself less as a consumer-facing novelty and more as an industrial supplier. Its Puglia production facility has recently obtained IFS Food certification, which the company says strengthens its ability to provide reliable, high-volume supply to confectionery manufacturers. At the site, Mediterranean ingredients including carob are processed into cocoa-free alternatives intended for industrial use, with the company pitching Choruba as a way to reduce exposure to cocoa price volatility and supply disruption.
Massimo Sabatini, Co-founder and CEO of Foreverland, said: “This round validates our execution, not just as a foodtech innovator, but as a reliable 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.”
Foreverland is also extending the product line into organic ingredients. While its core business remains conventional cocoa-free chocolate ingredients for manufacturers, the company says it believes it is currently the only producer offering an organic cocoa-free alternative at industrial scale. It added that several organic products featuring Choruba are already on shelves in Italy and France.
The wider proposition is arriving at a time of sustained scrutiny around cocoa supply, pricing, and resilience. Foreverland’s case to manufacturers is that alternative ingredients now need to meet scale, quality, and certification requirements as much as sustainability ones. This latest round is intended to move the company further into that manufacturer-ready category as it expands across the EU.
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