About Salmon Evolution
Salmon Evolution is a company based in Molde (Norway) founded in 2017.. Salmon Evolution has raised $92.37 million across 7 funding rounds from investors including DNB, Dongwon F&B and Enova. The company has 81 employees as of December 31, 2024. Salmon Evolution offers products and services including Premium Salmon and Land-Based Smoked Salmon. Salmon Evolution operates in a competitive market with competitors including Proximar Seafood, Natural Shrimp, Finnforel, Nordic Aquafarms and The Kingfish, among others.
- Headquarter Molde, Norway
- Employees 81 as on 31 Dec, 2024
- Stage Public
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Sectors
Agriculture
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Salmon Evolution Asa
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Annual Revenue
$41.2 M (USD)205.07as on Dec 31, 2024
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Net Profit
$-4.18 M (USD)67.48as on Dec 31, 2024
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EBITDA
$5.95 M (USD)0as on Dec 31, 2024
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Total Equity Funding
$92.37 M (USD)
in 7 rounds
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Latest Funding Round
$34.13 M (USD), Post-IPO
Jun 25, 2024
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Investors
DNB
& 4 more
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Employee Count
81
as on Dec 31, 2024
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IPO & Listings of Salmon Evolution
Salmon Evolution is a publicly listed company on the OSL with ticker symbol SALME in Norway, operating in the Process industries sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Salmon Evolution
Salmon Evolution offers a comprehensive portfolio of products and services, including Premium Salmon and Land-Based Smoked Salmon. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
High-quality land-based farmed salmon for sustainable retail and consumption markets.
Smoked salmon product under Lofoten brand for premium retail distribution.
Funding Insights of Salmon Evolution
Salmon Evolution has successfully raised a total of $92.37M across 7 strategic funding rounds. The most recent funding activity was a Post-IPO round of $34.13 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Post-IPO — $34.1M
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First Round
First Round
(24 Mar 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Post-IPO - Salmon Evolution | Valuation |
investors |
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| Apr, 2023 | Amount | Post-IPO - Salmon Evolution | Valuation |
investors |
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| Dec, 2020 | Amount | Grant - Salmon Evolution | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Salmon Evolution
Salmon Evolution has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include DNB, Dongwon F&B and Enova. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Farvatn is engaged in profitable impact investments globally.
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Founded Year | Domain | Location | |
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Klaveness Marine is engaged in diversified investment management.
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Founded Year | Domain | Location | |
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New energy and climate technologies are developed by Enova.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Salmon Evolution
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Salmon Evolution
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Salmon Evolution Comparisons
Competitors of Salmon Evolution
Salmon Evolution operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Proximar Seafood, Natural Shrimp, Finnforel, Nordic Aquafarms and The Kingfish, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Salmon is produced using sustainable RAS farming methods.
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| domain | founded_year | HQ Location |
Recirculating aquaculture systems for shrimp and fish farming are provided.
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| domain | founded_year | HQ Location |
Recirculating aquaculture systems are operated for sustainable fish production.
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| domain | founded_year | HQ Location |
Land-based fish cultivation and supply are integrated through aquaculture technology.
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| domain | founded_year | HQ Location |
Premium yellowtail is raised via sustainable land-based aquaculture methods.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Salmon Evolution
Frequently Asked Questions about Salmon Evolution
When was Salmon Evolution founded?
Salmon Evolution was founded in 2017 and raised its 1st funding round 3 years after it was founded.
Where is Salmon Evolution located?
Salmon Evolution is headquartered in Molde, Norway. It is registered at Molde, Møre And Romsdal, Norway.
Who is the current CEO of Salmon Evolution?
Trond Hakon Schaug-Pettersen is the current CEO of Salmon Evolution.
Is Salmon Evolution a funded company?
Salmon Evolution is a funded company, having raised a total of $92.37M across 7 funding rounds to date. The company's 1st funding round was a Grant of $11M, raised on Mar 24, 2020.
How many employees does Salmon Evolution have?
As of Dec 31, 2024, the latest employee count at Salmon Evolution is 81.
What is the annual revenue of Salmon Evolution?
Annual revenue of Salmon Evolution is $41.2M as on Dec 31, 2024.
What does Salmon Evolution do?
Salmon Evolution was founded in 2017 in Molde, Norway, and operates within the aquaculture sector. Salmon fishes are produced and supplied through a hybrid flow-through system technology. This approach supports sustainable production by maintaining controlled growth conditions and reducing operational and biological risks. The companys domain is salmonevolution.no, with Trond Hakon Schaug-Pettersen serving as CEO.
Who are the top competitors of Salmon Evolution?
Salmon Evolution's top competitors include Proximar Seafood, Natural Shrimp and Geo Salmo.
What products or services does Salmon Evolution offer?
Salmon Evolution offers Premium Salmon and Land-Based Smoked Salmon.
Is Salmon Evolution publicly traded?
Yes, Salmon Evolution is publicly traded on OSL under the ticker symbol SALME.
Who are Salmon Evolution's investors?
Salmon Evolution has 5 investors. Key investors include DNB, Dongwon F&B, Enova, Farvatn, and Klaveness Marine.
What is Salmon Evolution's ticker symbol?
The ticker symbol of Salmon Evolution is SALME on OSL.