About Salmon Evolution
Salmon Evolution is a publicly listed company based in Molde (Norway) founded in 2017. Salmon is produced and supplied using sustainable hybrid technology. 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. Its chief executive, as recorded, is Trond Hakon Schaug-Pettersen. Salmon Evolution offers products and services including Premium Salmon and Land-Based Smoked Salmon. Its focus areas include Food and Agriculture Tech, Aquaculture Tech, Sustainable Farming and Recirculating Aquaculture Systems (RAS). Its legal entity is Salmon Evolution ASA. Its competitors include Proximar Seafood, Nordic Aquafarms and AquaCon; 2 of its 3 listed competitors have raised funding.
Company details
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.
- Headquarters Molde, Norway
- Employees 81
- Stage Public
- SectorsAgriculture
- Email••••••••
- Phone•••• ••••
- Website salmonevolution.no
- Social LinkedIn X Facebook Instagram
- Legal Name Salmon Evolution Asa
- Annual Revenue$32.27 M (USD)-30.46as on Dec 31, 2025
- Net Profit-$17.03 M (USD)-261.99as on Dec 31, 2025
- EBITDA-$7.88 M (USD)-217.57as on Dec 31, 2025
- Total Equity Funding$92.37M (USD)
in 7 rounds
- Latest Funding Round$34.13M (USD), Post-IPO
Jun 2024
- InvestorsDNB
& 4 more
- Employee Count81
Products & Services of Salmon Evolution
Salmon Evolution offers a comprehensive portfolio of products and services, including Premium Salmon and Land-Based Smoked Salmon.
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 $92.37M
- Total Rounds 7
- Last Round Post-IPO — $34.13M
- First Round $29.6M
(Mar 2020)
- Investors Count 5
All 7 funding rounds of Salmon Evolution with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $34.13M | Post-IPO | – | – | – |
| Apr 2023 | Post-IPO | – | – | – | |
| Dec 2020 | $11M | Grant | – | – | |
| Sep 2020 | $57.07M | Series C | – | DNB, Klaveness Marine | – |
| Jul 2020 | $5.7M | Series B | – | Dongwon F&B | – |
| Jun 2020 | $5.6M | Debt – Conventional | – | – | – |
| Mar 2020 | $29.6M | Series B | – | Farvatn | – |
5 investors in total: 5 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Farvatn is engaged in profitable impact investments globally. | farvatn.com | Bergen, Norway | ||
Klaveness Marine is engaged in diversified investment management. | klavenessmarine.com | Oslo, Norway | ||
New energy and climate technologies are developed by Enova. | 2001 | enova.no | Trondheim, Norway | |
Brand of sauces & condiments | 1969 | dongwonfnb.com | Seoul, South Korea | |
Commercial banking services are provided to individuals and corporations. | 1822 | dnb.no | Oslo, Norway |
Investor details for Salmon Evolution
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People of Salmon Evolution
1 people are tracked at Salmon Evolution (1 in leadership); the tracked headcount is 81.
| Name | Role | Group |
|---|---|---|
Trond Hakon Schaug-Pettersen | CEO | Leadership |
Complete people profiles for Salmon Evolution
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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.
- IPO date07 May 2021
- Listed onFRA: 60E
- Listed entitySalmon Evolution ASA
- Exchange sectorProcess industries
- ISINNO0010892094
- Share price3.16 NOK (+1.94% on the day) · 2026-10-14
- Market capitalisation1,717,410,164.00 NOK
- EPS (diluted, trailing year)-0.26 NOK
- Volume (last session)14,857
Financials of Salmon Evolution
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 325.2M NOK | -171.6M NOK | -79.5M NOK |
| 2024 | 467.7M NOK | -47.4M NOK | 67.6M NOK |
| 2023 | 153.3M NOK | -145.8M NOK | -99.0M NOK |
| 2022 | 46.1M NOK | -32.7M NOK | -70.1M NOK |
| 2021 | 12.1M NOK | -26.4M NOK | -35.8M NOK |
Detailed financial statements for Salmon Evolution
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Timeline of Salmon Evolution
4 dated milestones of Salmon Evolution across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Salmon Evolution is founded.
- Funding First funding round of $29.6M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $34.1M.
Competitors of Salmon Evolution
Salmon Evolution has 3 listed competitors in our database, 2 of them funded. They include Proximar Seafood, Nordic Aquafarms and AquaCon.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| proximarseafood.com | 2015 | Bergen, Norway | $49.33M | Salmon is produced using sustainable RAS farming methods. | ||
| nordicaquafarms.com | 2013 | Fredrikstad, Norway | Land-based fish cultivation and supply are integrated through aquaculture technology. | |||
| aquacon.com | 2019 | Oslo, Norway | $7.54M | Manufactures and operates recirculating aquaculture systems for eco-friendly seafood production. |
Detailed competitors of Salmon Evolution
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Web traffic of Salmon Evolution
The website of Salmon Evolution (salmonevolution.no) receives about 3.4K visits a month.
- Monthly visits3.4K
▼ 13.8% vs previous month
Websites whose visitors overlap most with Salmon Evolution. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| stockopedia.com | 100% | 570.7K | #88,942 | View details |
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Related news about 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 CEO of Salmon Evolution, as recorded in our data.
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 Series B of $29.6M, raised on Mar 2020.
Salmon Evolution has 81 employees.
Annual revenue of Salmon Evolution is $32.27M as on Dec 31, 2025.
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, Nordic Aquafarms and AquaCon.
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.
Salmon Evolution operates through Salmon Evolution Asa.