Foreverland Raises €6M to Scale Its Cocoa-Free Chocolate Ingredient Across Europe
Italian foodtech company Foreverland has successfully secured €6 million in a recent funding round, elevating its total investment to €9.4 million. This substantial capital injection is earmarked for the commercial expansion of its innovative cocoa-free chocolate ingredient, Choruba, throughout the European market. Choruba is ingeniously crafted from Mediterranean carob, offering a sustainable and alternative solution to conventional chocolate.
Foreverland has already established a notable presence, having forged partnerships with four European confectionery firms. The new funding will empower the company to further accelerate its growth, solidify its footprint in crucial European markets, and advance the development of an organic product line, thereby addressing the increasing consumer demand for sustainable and health-conscious food alternatives.
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