Salmon Evolution

Molde, Norway Founded: 2017 • Age: 9 yrs
Salmon is produced and supplied using sustainable hybrid technology.
Annual revenue $41.2M Latest available
Total funding $92.4M 7 rounds
Employees 81 Tracked headcount
Investors 5 Known backers
Products 2 Services tracked
Competitors 10 Brand Intelligence

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
  • Sectors
    Agriculture
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Salmon Evolution Asa
Operational Areas
Agriculture → Aquaculture & Fisheries Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    $41.2 M (USD)
    205.07
    as on Dec 31, 2024
  • Net Profit
    -$4.18 M (USD)
    67.48
    as on Dec 31, 2024
  • EBITDA
    $5.95 M (USD)
    0
    as on Dec 31, 2024
  • Total Equity Funding
    $92.37 M (USD)

    in 7 rounds

  • Latest Funding Round
    $34.13 M (USD), Post-IPO

    Jun 25, 2024

  • Investors
    DNB

    & 4 more

  • 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.

Exchange: OSL · Ticker: SALME · Sector: Process industries · Norway

Products & Services of Salmon Evolution

Salmon Evolution offers a comprehensive portfolio of products and services, including Premium Salmon and Land-Based Smoked Salmon.

Product name locked
Category locked
Primary

High-quality land-based farmed salmon for sustainable retail and consumption markets.

Product name locked
Category locked
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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.

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.

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Venture Fund
Institutional
Investor Description Founded Year Domain Location
Farvatn is engaged in profitable impact investments globally.
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Klaveness Marine is engaged in diversified investment management.
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New energy and climate technologies are developed by Enova.
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Investor details for Salmon Evolution

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Investments & Acquisitions by Salmon Evolution

Investments
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Investment portfolio details for Salmon Evolution

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Financial Statements - Salmon Evolution

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Detailed financials for Salmon Evolution

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Salmon Evolution Comparisons

Salmon Evolution Primary company
Description
Salmon is produced and supplied using sustainable hybrid tec...
Location
Molde, Norway
Founded Year
2017
Annual Revenue
$41.2 M (USD)
Net Profit
-$4.18 M (USD)
EBITDA
$5.95 M (USD)
Employees
81
As of 2024
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Peer comparison for Salmon Evolution

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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.

Company Name Domain Founded year HQ Location Description
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Salmon is produced using sustainable RAS farming methods.
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Recirculating aquaculture systems for shrimp and fish farming are provided.
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Recirculating aquaculture systems are operated for sustainable fish production.
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Land-based fish cultivation and supply are integrated through aquaculture technology.
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Premium yellowtail is raised via sustainable land-based aquaculture methods.
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Detailed competitors of Salmon Evolution

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Latest news on Salmon Evolution

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Complete news archive for Salmon Evolution

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Frequently Asked Questions about Salmon Evolution

Salmon Evolution was founded in 2017 and raised its 1st funding round 3 years after it was founded.

Salmon Evolution is headquartered in Molde, Norway. It is registered at Molde, Møre And Romsdal, Norway.

Trond Hakon Schaug-Pettersen is the current CEO of Salmon Evolution.

Salmon Evolution is a funded company, having raised a total of $92.37M across 7 funding rounds to date.

As of Dec 31, 2024, the latest employee count at Salmon Evolution is 81.

Annual revenue of Salmon Evolution is $41.2M as on Dec 31, 2024.

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.

Salmon Evolution's top competitors include Proximar Seafood, Natural Shrimp and Geo Salmo.

Salmon Evolution offers Premium Salmon and Land-Based Smoked Salmon.

Yes, Salmon Evolution is publicly traded on OSL under the ticker symbol SALME.

Salmon Evolution has 5 investors. Key investors include DNB, Dongwon F&B, Enova, Farvatn, and Klaveness Marine.

The ticker symbol of Salmon Evolution is SALME on OSL.

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