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§ Private Profile · Singapore, Singapore
Singapore food tech startup developing plant-based food products, including OnlyEg, Asia's first plant-based whole egg substitute.
Float Foods is a Singaporean food technology startup that develops plant-based alternative proteins and nutritional products to replace traditional animal ingredients. The company primarily focuses on manufacturing and commercializing OnlyEg, the Asian market's first legume whole egg substitute designed to accurately mimic both egg whites and yolks for culinary applications in regional dishes like nasi lemak and hor fun. Operating with a core team of five food scientists and commercial researchers, the enterprise aims to enhance regional food security while promoting sustainable consumption habits across the broader consumer market. The startup initially bootstrapped its early research operations before securing an undisclosed commercialization grant from the Temasek Foundation in 2021 to improve product formulation and establish local manufacturing capabilities for future domestic supermarket retail rollouts. Float Foods was officially founded in June 2020 by CEO Vinita Choolani.
Float Foods has raised $2.0M across 1 funding round.
Float Foods has raised $2.0M in total across 1 funding round.
Float Foods has raised $2.0M across 1 funding round. Most recently, it raised $2.0M Seed in June 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2021 | $2M Seed | Insignia Ventures Partners, DSG Consumer Partners | Agrocorp Ventures, Apricot Capital, Baksh Capital, EBB & Flow, Innovate360, Teja Ventures, Water Tiger Investments | Announced |
Float Foods has raised $2.0M in total across 1 funding round.
Float Foods's investors include Insignia Ventures Partners, DSG Consumer Partners, Agrocorp Ventures, Apricot Capital, Baksh Capital, Ebb & Flow, Innovate360, Teja Ventures, Water Tiger Investments.
Float Foods is a Singapore-based food technology company specializing in plant-based alternatives to chicken eggs. Their flagship product, OnlyEg, is a whole egg substitute made entirely from legumes, designed to replicate the taste, texture, and cooking versatility of traditional eggs. Float Foods serves consumers seeking vegan, vegetarian, or flexitarian options, addressing the demand for sustainable, animal-free protein sources. The company has demonstrated growth momentum through product innovation, certification milestones, and expanding its technology licensing to food manufacturers aiming to eliminate hen eggs from their products[1][2][5].
Founded in 2020 by Vinita Choolani, Float Foods emerged from a vision to advance Asia’s plant-based food ecosystem by creating realistic, sustainable egg alternatives. Choolani, the CEO, and her team of food scientists and executives developed OnlyEg to provide a cruelty-free, nutritious, and versatile egg substitute. Early traction included the successful development of a manufacturing process that produces plant-based egg yolks and whites with authentic sensory qualities, leading to certifications such as FSSC 22000 and Halal for their facility. These milestones enabled Float Foods to license its technology to other food manufacturers, marking pivotal moments in its growth[1][2][3][5].
Float Foods rides the global trend toward plant-based and sustainable food alternatives driven by environmental concerns, animal welfare, and health consciousness. The timing is favorable as consumer demand for vegan and flexitarian options grows, especially in Asia’s emerging markets. By innovating in plant-based egg technology, Float Foods influences the broader ecosystem by enabling food manufacturers to reformulate products without animal eggs, thus accelerating the shift toward sustainable protein sources. Their approach exemplifies how food tech startups can combine science and sustainability to disrupt traditional animal agriculture[1][2][5].
Looking ahead, Float Foods is poised to expand its market presence through further product innovation, scaling manufacturing, and broadening technology licensing partnerships. Trends such as increased plant-based adoption, regulatory support for sustainable foods, and rising consumer awareness will likely shape their journey. As they deepen their influence in Asia and beyond, Float Foods could become a key player in mainstreaming plant-based eggs, contributing significantly to reducing the environmental footprint of food production. Their continued focus on authenticity, quality, and collaboration will be critical to sustaining growth and ecosystem impact[1][2][5].