Float Foods

Singaporean plant-based food startup Float Foods has developed “OnlyEg,” a plant-based substitute for chicken eggs. The product, made from legumes, has separate yolk and whites that can be used to make sunny-side up, scrambles, and omelets. Float Foods developed the new product through a collective research effort with the Agency for Science, Technology and Research, the Singapore Institute of Food and Biotechnology Innovation, Food Incubator Innovate 360, and the Singapore Polytechnic Food Innovation and Resource Centre.

In February 2024 , the company secured the FSSC 22000 License (Food Safety System Certification) for its Halal-certified facility. This commercial-scale facility can produce approximately 2,000 units daily, with the potential for further capacity expansion.

Key customers and partnerships

Float Foods offers its technology to producers aiming to remove hen eggs from their manufacturing processes. It has also begun collaborating with multiple manufacturers to bring its products to the market.

Funding and financials

In its latest funding round in June 2021, the startup raised SGD 2.2 million (USD 1.7 million) in a seed funding round led by Insignia Ventures Partners and DSG Consumer Partners with participation from investors including Apricot Capital, Baksh Capital, Teja Ventures, Ebb & Flow, Water Tiger Investments, Agrocorp Ventures and Innovate 360. The proceeds are expected to be used to accelerate R&D, commercialize the company’s plant-based egg product OnlyEg into key markets such as China, India, and Indonesia following a 2022 launch in Singapore.