Italy’s Foreverland Raises €6M To Expand Cocoa-Free Chocolate Across Europe

The round brings the company’s total funding to €9.4 million, with follow-on support from existing investors Kost Capital and Maia Ventures.

New investors include CDP Venture Capital through its Accelerator Fund and Italia Venture II Fund, Linfa agrifoodtech fund managed by Riello Investimenti SGR, and Newtree Impact.

Foreverland founded in 2022 by Massimo Sabatini, Riccardo Bottiroli, Giuseppe D’Alessandro and Massimo Brochetta is a food ingredients company that provides clean-label, Mediterranean-sourced alternatives to critical raw materials, helping mitigate risks in unstable supply chains.

Its flagship product, Choruba (formerly Freecao) is a cocoa-free chocolate alternative made from resilient Mediterranean crops like carob offering the taste and experience of chocolate with a lower environmental impact.

The company’s Italian production facility, now IFS-certified, processes locally sourced ingredients into cocoa-free chocolate for industrial use, producing up to 500 tonnes per year in chips, drops or liquid form. Compared to traditional chocolate, Foreverland claims its products use up to 90% less water and generate up to 83% less CO2, without sacrificing flavor or functionality.

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Foreverland is expanding into the organic sector with a dedicated organic Choruba line and asserts it is currently the only producer of an industrial-scale organic cocoa-free chocolate alternative, with products already on shelves in Italy and France.

With its latest funding, the company plans to accelerate international growth across Europe, strengthening partnerships with confectionery companies in Germany, France and Italy and hiring senior commercial leaders from top global cocoa and chocolate manufacturers. Previously in 2024, Foreverland raised €3.4 million in a Seed round.

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 (International Featured Standards) 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.”