Foreverland closes €6M round
Foreverland, a Milan-based startup developing chocolate made without cocoa, has raised €6 million in new funding to scale its cocoa-free chocolate alternative. The round was backed by Maia Ventures and Kost Capital, according to the company.
Why cocoa-free chocolate is drawing capital
The funding comes as the global chocolate industry faces mounting pressure from cocoa market volatility, supply constraints, and sustainability concerns tied to traditional cocoa farming. Cocoa-free formulations have emerged as a potential way to reduce dependence on cocoa while maintaining the sensory profile consumers expect from conventional chocolate.
Scaling production and commercialization
Foreverland said it plans to use the proceeds to scale production capacity, strengthen its supply chain, and accelerate commercialization of its cocoa-free offering. The company is positioning its product as an alternative ingredient platform for confectionery and food brands looking to hedge against cocoa price swings and improve resilience.
Competitive landscape
Interest in cocoa-free and alternative chocolate has been rising as startups explore fermentation, plant-based ingredients, and novel processing methods to replicate cocoa’s flavor and functionality. Investors have increasingly viewed these approaches as part of a broader shift toward next-generation food ingredients designed to address climate and commodity risks.
What’s next
With fresh capital from Maia Ventures and Kost Capital, Foreverland is expected to focus on scaling output and building partnerships that can bring its cocoa-free chocolate into more products and markets. The company did not disclose valuation or additional financial terms of the round.
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