Foreverland Raises €6M to Develop Cocoa Alternative Technologies for a More Resilient Supply Chain
Foreverland, the Milan-headquartered foodtech venture pioneering cocoa-free chocolate alternatives, has closed a €6 million funding round, pushing its cumulative capital raised to €9.4 million. The round draws on continued backing from existing investors Kost Capital and Maia Ventures, while welcoming a cohort of new institutional participants — CDP Venture Capital, the Linfa agrifoodtech fund managed by Riello Investimenti SGR, and impact-focused firm Newtree Impact.
At the heart of Foreverland's proposition is Choruba, a proprietary ingredient platform engineered from Mediterranean-grown crops, most notably carob, to functionally and sensorially replicate conventional chocolate. The formulation is purpose-built for industrial confectionery applications, delivering the mouthfeel, binding properties, and flavor profile that manufacturers depend on — without the supply chain exposure that comes with cocoa sourcing. Crucially, its regional agricultural base translates into inherently more stable input pricing and a substantially reduced environmental footprint compared to tropical cocoa cultivation.
The strategic rationale behind Foreverland's technology is difficult to overstate. The global cocoa market has been under sustained structural pressure, with erratic pricing cycles, recurring supply shortfalls, and intensifying climate-driven disruptions threatening the operational continuity of confectionery producers worldwide. By offering a credible, industrial-scale cocoa substitute, Foreverland positions itself as a resilience tool for manufacturers seeking to de-risk their ingredient pipelines and insulate production schedules from commodity-market turbulence.
Massimo Sabatini, co-founder and CEO of Foreverland, characterized the investment as a validation of the company's dual identity — both as a foodtech innovator and as a proven, operationally reliable ingredient supplier to the broader confectionery sector.
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 added.
The fresh capital will be deployed across several strategic priorities. Foreverland intends to accelerate its commercial footprint across European markets, deepen its integration with major confectionery players, and expand its senior leadership bench with executives carrying direct cocoa and chocolate industry experience. The company is also broadening its ingredient portfolio, with an organic cocoa-free line currently in development — a move that positions Foreverland to capture growing consumer and manufacturer appetite for certified organic formulations within the alternative chocolate segment.
