The Scoop
Milan-based Foreverland raised €6M to expand its cocoa-free chocolate alternative, Choruba. The funding round included Kost Capital, Maia Ventures, CDP Venture Capital, and others.
The Context
Foreverland addresses the volatility and sustainability issues in the cocoa market by developing alternatives from Mediterranean crops. Their Choruba ingredient replicates the taste and function of chocolate. There's a rising trend towards sustainable food alternatives in Europe. This round brings their total funding to €9.4 million.