Italian foodtech startup Foreverland has secured €6 million in fresh funding, bringing its total capital raised to €9.4 million. The company plans to expand internationally and scale the commercial growth of its cocoa-free chocolate alternative, Choruba®.
- Foreverland has also recently obtained IFS Food certification for its production facility in Puglia, Italy, enabling it to operate as a high-volume, manufacturer-ready supplier. At the site, the company processes Mediterranean ingredients such as carob into cocoa-free chocolate alternatives, targeting manufacturers looking to mitigate cocoa price volatility and supply chain risks.
- Alongside its core conventional offering, Foreverland is entering the organic segment with what it claims is the first industrial-scale organic cocoa-free chocolate alternative. Products featuring its Choruba ingredient are already available in Italy and France.
- The round saw follow-on participation from existing investors Kost Capital and Maia Ventures, alongside new backing from CDP Venture Capital (via its Accelerator Fund and Italia Venture II Fund), Linfa agrifoodtech fund (managed by Riello Investimenti SGR), and Newtree Impact.
- Foreverland plans to use the capital to accelerate its expansion across Europe, focusing on partnerships with confectionery manufacturers in Germany, France, and Italy, while also hiring senior commercial talent from established cocoa and chocolate players.
