Italian foodtech company Foreverland has raised €6 million in new funding (bringing total capital to €9.4 million) to accelerate its expansion and scale production of its cocoa-free chocolate alternative, Choruba.
The company is positioning itself as an industrial supplier to confectionery manufacturers. It has also recently secured IFS Food certification at its production facility and is expanding into organic cocoa-free chocolate.
At the site, the company processes locally sourced Mediterranean ingredients such as carob into cocoa-free chocolate alternatives designed for industrial use, helping manufacturers reduce exposure to cocoa price volatility and supply disruption.
The Foreverland team.
Massimo Sabatini, Co-founder and CEO of Foreverland, said: “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.”
While the company’s core business remains the supply of conventional cocoa-free chocolate ingredients to manufacturers, the company is also launching an organic alt-chocolate line in Europe.
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