Foreverland targets Europe push after fresh funding boosts Choruba growth

Foreverland has raised €6 million (US$7.0 million), taking its total funding to €9.4 million (US$10.9 million), as the Italian foodtech company moves to speed up its European expansion and scale commercial growth for its cocoa-free chocolate alternative, Choruba.

• Foreverland secured €6 million (US$7.0 million) in new funding, bringing total capital raised to €9.4 million (US$10.9 million) with participation from existing and new investors.
• The company obtained IFS Food certification for its Puglia production facility, supporting high-volume, manufacturer-ready supply of its cocoa-free chocolate alternative, Choruba.
• Foreverland expanded into the organic segment with a new Choruba line, claiming industrial-scale production of organic cocoa-free chocolate with products already on shelves in Italy and France.

The Milan-based business said the latest round included follow-on backing from existing investors Kost Capital and Maia Ventures, with new support 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 new capital is set to fund a broader push across Europe, with Foreverland looking to strengthen ties with confectionery manufacturers in Germany, France and Italy while also hiring senior commercial executives from major cocoa and chocolate companies.

The fundraising came as Foreverland worked to establish Choruba as a viable alternative for manufacturers facing mounting cocoa market pressure. The company used Mediterranean ingredients, including locally sourced carob, to produce cocoa-free chocolate alternatives designed for industrial use, aiming to reduce exposure to cocoa price volatility and supply chain disruption.

A key part of that strategy was production scale. Foreverland confirmed that its facility in Puglia had secured IFS Food certification, an internationally recognized quality and safety standard intended to support reliable, high-volume supply for confectionery manufacturers.

“This round validates our execution, not just as a foodtech innovator, but as a reliable industrial partner for confectionery manufacturers,” said Massimo Sabatini, Co-founder and CEO of Foreverland. “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.”

Alongside its core conventional offering, the company also moved into the organic segment with a dedicated Choruba line. Foreverland stated it believed it was currently the only producer offering an organic cocoa-free alternative at industrial scale, with several organic products already available in Italy and France.

“We have great confidence in Foreverland's team and their ability to respond to a systemic challenge through innovative, effective and sustainable solutions to become a leader in the international alternative-chocolate market”, said Alessandro Scortecci, Direct Investments Director of CDP Venture Capital.

“At Linfa we invest in teams transforming the food value chain through scalable and commercially sound innovation,” said Marco Gaiani, Founding Partner at Linfa. “Foreverland exemplifies this thesis perfectly, demonstrating that cocoa-free alternatives can bridge sustainability, scale and commercial potential. That’s how you create systemic change and emerge as a category leader in agrifoodtech.”

“Following our initial investment, we have seen Foreverland execute with discipline and clarity,” said Andrea Galassi, Founding Partner at Maia Ventures. “Our decision to reinvest reflects our continued conviction in the team’s ability to develop future-proof ingredients and build the industrial credibility that manufacturers demand.”

The latest funding was set to support both the scaling of Foreverland’s conventional ingredient offering and its expansion into organic products, as the company continued its rollout across European markets.