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Float Foods is a technology company.
Float Foods develops innovative plant-based food products, spearheaded by OnlyEg, Asia’s first plant-based whole egg substitute. This product replicates both the white and yolk using proprietary legume-based technology. OnlyEg offers extensive culinary versatility, accommodating diverse cooking methods including traditional sunny side-up, distinguishing it from liquid-only egg alternatives.
The company was founded on the insight into the demand for sustainable, versatile plant-based egg options, especially for Asian culinary traditions. A team of food scientists and executives utilized advanced food technology to create nutrient-dense, animal-free substitutes. Their mission aims to establish Singapore as a leader in plant-based protein advancement.
OnlyEg targets vegans, vegetarians, and flexitarians, designed for seamless integration into diverse Asian cuisines. Float Foods envisions transforming global dietary patterns by providing accessible, healthier, and secure plant-based choices. The company commits to strengthening food security and cultivating a sustainable food ecosystem through scientific innovation.
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 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].
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 |
|---|---|---|---|
| Jun 1, 2021 | $2.0M Seed | Insignia Ventures Partners, DSG Consumer Partners | Agrocorp Ventures, Apricot Capital, Baksh Capital, Ebb & Flow, Innovate360, Teja Ventures, Water Tiger Investments |