Anne Palermo

CEO & Co-Founder at Aqua Cultured Foods
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Contact Information
us****@****om
(386) 825-5501
Location
Barrington, Illinois, United States, US

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Experience

    • United States
    • Food and Beverage Manufacturing
    • 1 - 100 Employee
    • CEO & Co-Founder
      • Jul 2020 - Present

      Aqua Cultured Foods is an innovative food tech startup developing the world’s first whole-muscle cut seafood alternatives created through microbial fermentation. We developed novel technology that produces a sustainable, complete protein source using only a fraction of the resources required by traditional aquaculture. As an R&D company with a focus on product commercialization, Aqua occupies a unique position in the burgeoning alt-seafood market as well as within the fermentation industry. Our… Show more Aqua Cultured Foods is an innovative food tech startup developing the world’s first whole-muscle cut seafood alternatives created through microbial fermentation. We developed novel technology that produces a sustainable, complete protein source using only a fraction of the resources required by traditional aquaculture. As an R&D company with a focus on product commercialization, Aqua occupies a unique position in the burgeoning alt-seafood market as well as within the fermentation industry. Our mission is to mitigate global challenges such as overfishing, climate change and feeding the world’s expanding population with delicious, nutrient-rich foods. • Created the first whole muscle seafood alternative created through microbial fermentation. • Principal inventor of multiple patents • Created the version 1 prototype of the world’s first seafood alternatives created via microbial fermentation • Hired high profile team members and advisors • Raised the largest pre-seed round in the alternative seafood and fermentation industries of $2.3M with total funds raised to 8M as of April 2023 • Receiving the highest ever valuation for a seed company in the fermentation space • Alongside cofounder, developed commercialization strategy including LOIs from several high-profile international corporations • Managed public facing image and maintain continual presence in the media resulting in an increased ability to: attract key hires, investment opportunities, and strategic partnerships Show less

    • United States
    • Non-profit Organizations
    • 1 - 100 Employee
    • Industry Leadership Council: Member
      • Oct 2023 - Present

    • United States
    • Higher Education
    • 700 & Above Employee
    • Guest Lecturer: McCormick School of Engineering and Applied Sciences & Pritzker School of Law
      • Jul 2022 - Present

      Chicago, Illinois, United States McCormick School of Engineering and Applied Sciences, Master of Science in Energy & Sustainability Program (MSES) • Food Tech’s place sustainable feeding a growing global population Pitzker School of Law, Master of Science in Law Program • Technology positioning in the food tech/biotechnology industry

    • United States
    • Biotechnology Research
    • 100 - 200 Employee
    • Mentor: Entrepreneur Advisor
      • Dec 2021 - Present

    • United Kingdom
    • Research Services
    • 700 & Above Employee
    • Lecture Facilitator: Policy & Entrepreneurship
      • Jan 2022 - May 2022

      • Effective Altruism program • Alternative Protein program

    • CEO & Cofounder
      • Jun 2009 - 2019

      • Developed proprietary technology for the production of a soft centered, high protein snack ◦ Created novel manufacturing process technology integrating artisan techniques with high flow through automation processes • Executed the Go-to-Market plan for new product launches achieving growth of 5,000% • Oversaw corporate rebranding and packaging redesign; resulting in 3-4x lift in sales velocity and enhancing profitability 25% • Strengthened customer business through coordination… Show more • Developed proprietary technology for the production of a soft centered, high protein snack ◦ Created novel manufacturing process technology integrating artisan techniques with high flow through automation processes • Executed the Go-to-Market plan for new product launches achieving growth of 5,000% • Oversaw corporate rebranding and packaging redesign; resulting in 3-4x lift in sales velocity and enhancing profitability 25% • Strengthened customer business through coordination with product development, finance, supply chain, production and logistics • Shaped brand strategy for new product launches through the creation of best-in-class brand positioning and storytelling while staying within appropriate brand architecture and guardrails • Managed end-to-end commercialization process to bring new products to fruition ◦ Negotiated decreases in manufacturing costs resulting in 18.5% increase in margin ◦ Identified and nurtured new packaging supplier relationship to increase packaging quality, aesthetics and photo resonance while maintaining the 10% decrease in packaging costs • Sold new customers, managed brokers and distributors, maintained and developed regional chains and independents ◦ Achieved placement in 1,500 retailers for new product line less than 12 months from launch ◦ Achieved a multi-million dollar run rate within 12 months of the rebrand of new product line Show less

    • Canada
    • Investment Banking
    • 700 & Above Employee
    • Div BMO Harris
      • 2007 - 2009

      • Uncovered strategic market entry points to capture additional assets and to create upselling and cross selling opportunities • Facilitated the purchase and sale of fixed income securities via Bloomberg, TradeWeb and over the phone with traders

    • Managing Partner
      • Sep 2005 - Feb 2007

      -Developed a trading platform utilizing technical analysis of high volatility stocks -Created Buy/Sell guardrails based on market psychology -Managed investor relationships

    • United States
    • Financial Services
    • 700 & Above Employee
    • Asset Manager
      • Jan 2004 - Mar 2005

      • Obtained >$1 million assets under management within first 12 months - out selling all other first year brokers in Chicago office • Personally invited to become the third member of the highest grossing team in the Midwest region • Created customized investment portfolios managing equities, fixed income securities, managed futures, hedge funds and alternative investments

Education

  • University of Washington
    Business Administration and Management, General
  • University of Illinois at Chicago
    Finance
  • The French Pastry School
    Culinary Innovation, Food Science

Community

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