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Salmon Evolution

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Extending the ocean potential by transferring the best preconditions offered by the sea to farm fish on land

Hustadvika, NorwayFounded 2017Food
Valuation $208M Market cap · 2026
Revenue $67M Latest reported FY
EBITDA $6.6M Latest reported FY

About Salmon Evolution

Salmon Evolution is a land-based salmon farming company that utilizes a hybrid flow-through system (HFS) to raise salmon in a controlled and sustainable environment. This technology combines the benefits of conventional and recirculation aquaculture systems, using a high percentage of reused water alongside fresh, filtered seawater. The company's production facilities are located on the west coast of Norway, leveraging the area's natural access to clean, cold seawater.

The company's business model is centered on the large-scale production of high-quality, sustainably farmed salmon. By controlling the aquatic environment, Salmon Evolution can maintain optimal conditions for fish growth and health, which in turn leads to a premium product. The company targets both domestic and international markets, with a focus on supplying fresh, superior-grade salmon to a global consumer base that is increasingly conscious of food safety and environmental impact.

Salmon Evolution generates revenue through the sale of its harvested salmon. The company's growth strategy includes a significant expansion of its production capacity, with a long-term goal of reaching 100,000 tonnes annually. This expansion is supported by a strong financial position, having completed an IPO on Euronext Growth and a subsequent listing on the Oslo Børs.

Source: Dealroom company data

At a glance

Status
Listed
Founded
2017
Headquarters
Hustadvika, Norway
Listing
IPO 2021
Sector
Food
Power Law
Colt$25–100M revenue

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later3 investors entered at this stage

  • Innovation Norway
  • DNB
  • Nordea Bank
Team profiled 6 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
3 countries with
team presence
🇳🇴 Norway96.3%
🇺🇸 United States1.9%
🇰🇷 South Korea1.9%
3 countries shown
Web traffic by country
3.3K monthly visits
across markets
🇳🇴 Norway100%
Top 1 markets shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Salmon Evolution on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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