Foreverland, based in Italy, has marked another milestone by securing €3.4 million in seed funding for its groundbreaking chocolate alternative. This funding will fuel its expansion, innovation, and commitment to sustainability.
Significant Investment and Growth Plans
Foreverland’s recent €3.4 million funding round is a pivotal moment, backing its expansion across Europe and the establishment of a new production facility in Puglia, Italy. This facility, scheduled to open in January, signifies a strategic leap forward in fulfilling the company’s growth ambitions.
This financial boost will also support Foreverland’s research and development efforts. The aim is to lead the food industry with innovative, sustainable products while maintaining economic and social responsibility. The company is set to deliver future-proof food alternatives that reflect its commitment to eco-friendly practices.
Revolutionising the Cocoa Industry
The worldwide cocoa industry faces a crisis due to climate change, which has drastically increased raw material costs by 300%. Nations like Ghana and Côte d’Ivoire have suffered reduced production, significantly impacting the cocoa supply.
Recognising these challenges, Foreverland is stepping forward with sustainable alternatives. By focusing on carob, which uses 90% less water and cuts CO2 emissions by 80%, the company addresses urgent environmental concerns while also enhancing supply chain inclusivity through its Italian partners.
Innovative Ingredient: Choruba
Foreverland is transforming the chocolate industry with Choruba, a novel carob-based ingredient. This eco-friendly alternative is protected by two patents, demonstrating the company’s commitment to innovation and quality.
Choruba offers the food industry a versatile and sustainable chocolate substitute, available in both liquid and drop forms. Its impending market introduction is anticipated to redefine consumer expectations for chocolate.
Chief Marketing Officer Giuseppe D’Alessandro eloquently summarised Foreverland’s mission, emphasising the need for better food products that safeguard our planet’s future. Such dedication to sustainability sets a new benchmark in the industry.
Strategic Industry Collaborations
Foreverland’s growth has attracted the attention of prominent investors, including Grey Silo Ventures and Eatable Adventures, who have faith in the startup’s mission and potential.
These strategic collaborations reflect a broader trend within the foodtech sector, where investors are increasingly valuing sustainability and innovation. Foreverland, with its strong investor backing, is poised to set new standards and shape the future of food production.
Commitment to Research and Development
The funds raised will significantly bolster Foreverland’s research and development initiatives, focusing on creating allergen-free products such as spreadable creams.
The company’s dedication to innovation is relentless, continuously seeking to develop products that align with its sustainable ethos. This ongoing research reflects Foreverland’s resolve to remain at the forefront of foodtech innovation.
Riccardo Bottiroli, CTO of Foreverland, has highlighted the transformative potential of turning waste into valuable resources through cutting-edge technology. This approach not only reduces environmental impact but also paves the way for new product lines.
The Bigger Picture in Sustainable Food
Foreverland’s achievements underscore a significant shift in the food industry towards ethical, sustainable innovation, driven by consumer demand for eco-conscious products.
This paradigm shift is increasingly attracting the attention of investors and large companies, fostering new synergies that promote open and sustainable innovation. Such industry trends signal a growing commitment to addressing global challenges effectively.
Conclusion
Foreverland’s journey highlights the transformative power of innovation in addressing global challenges.
As it continues to pioneer sustainable alternatives, Foreverland stands as a testament to the impact of dedicated, forward-thinking entrepreneurship in the food industry.
Foreverland represents a bold new direction in foodtech, offering a glimpse into a sustainable future. Its innovative approaches and dedication to eco-friendly principles promise to redefine industry standards.
