What Viking Aqua AS does

Viking Aqua AS is a Norwegian private limited company founded in 2017 that designs and builds a Next Generation Recirculating Aquaculture Systems (RAS) facility in Skipavika, Gulen, on Norway's West Coast. The facility has been granted a government concession to produce 33,000 tonnes of Atlantic salmon annually, comprising 5,600 tonnes of post-smolt and 27,400 tonnes of harvest-sized salmon. The core technology stack combines closed-loop water recirculation (99.5% recirculation rate), 100% renewable energy, AI-powered monitoring (the Viking Aqua Fish Welfare Index), computer vision and sensor fusion for fish welfare, smart feeding systems, sludge capture for fertilizer/energy reuse, and decentralized ledger-based traceability. The facility is targeting BREEAM-NOR certification and operating performance targets of at least 90% survival rate and bFCR of 0.6 to 0.8 within five years of production.

The company is in pre-construction, pre-production phase and is not currently selling products. Its go-to-market is a sales-led B2B model targeting global seafood distributors, retailers, and food-service buyers seeking ethically produced, premium sustainable salmon. Customer segments identified include the global protein market, health-conscious consumers, and the sustainable food industry, with a hybrid segmentation approach. The company is seeking pre-listing investment from VCs, family offices, corporate VCs, private investors, and banking products to fund the facility build. Viking Aqua is currently not actively hiring, per its careers page.

Ownership is concentrated among three anchor shareholders: Braa Invest AS (35%), Eikeviken Holding AS (34%), and Skipavika Næringspark AS (23%), with the remaining 8% held by 18 other shareholders. Strategic technology partners include AquaBioTech Group (RAS technology), BioFish AS (co-development), AquaGen (fish genetics), and Framo (pumping systems), complemented by research and academic partnerships via the Aqua Labs innovation hub. Leadership comprises CEO Ingar Valvik, CTO Kjartan Nesse, Project Director Trond Ove Høie, Chairman Leif Christian Salomonsen, and Co-founder/Board Member Willy Roger Jacobsen.

Name

Viking Aqua AS

Legal name

Viking Aqua AS

Website

https://vikingaqua.no

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Viking Aqua AS is a Norwegian private company developing a Next Generation land-based RAS facility in Skipavika with a 33,000-tonne annual Atlantic salmon concession, targeting global B2B buyers of premium sustainable seafood and currently in pre-construction capital-raising phase.

Ownership category

akta.pro rank

Product category

Land-based Salmon Farming (Aquaculture)

NAICS

Finfish Farming and Fish Hatcheries (112511), Aquaculture (1125)

SIC

Agricultural Prod-Livestock & Animal Specialties (200)

akta.pro primary industry

Finfish Farming (e.g., salmon, tilapia, catfish) (AFAEAAAA)

akta.pro secondary industry

Aquaculture & Fish Health Services (AFAEANAE)

Keywords

• Land-based salmon farming
• Recirculating aquaculture systems
• Atlantic salmon production
• Sustainable aquaculture technology
• Fish welfare monitoring

Headquarters

HQ city

Vetlanda

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Infrastructure, Technology or R&D, Personnel, Supply Chain, Operations

Revenue model

1. Atlantic Salmon Sales: Viking Aqua designs and builds The Next Generation RAS Facility in Norway to supply the finest, flavorful, freshest and ethical protein from Atlantic Salmon to the Global market. The company has been granted a concession to produce 33,000 tonnes of Atlantic salmon farmed on land in Skipavika, comprising 5,600 tonnes post-smolt and 27,400 tonnes of harvest-sized salmon annually.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Viking Aqua is designing and building a Next Generation Recirculating Aquaculture Systems (RAS) facility in Skipavika, Gulen, Norway to produce and supply Atlantic salmon to the global market. The company holds a government concession for 33,000 tonnes annual production (5,600 tonnes post-smolt and 27,400 tonnes harvest-sized salmon). The facility integrates AI-powered fish welfare monitoring, computer vision, sensors, decentralized ledger traceability, and renewable energy to deliver sustainable, ethical, land-farmed salmon protein.

Product overview

Viking Aqua AS operates as a single unified land-based salmon farming operation. The company's core product is the Next Generation RAS Facility—a proprietary land-based Atlantic salmon farm located in Skipavika, Gulen, Norway. The facility integrates advanced technology systems including a cloud-native data platform, the Viking Aqua Fish Welfare Index AI algorithm, and the Aqua Labs innovation hub, all unified within a single production system designed to deliver 33,000 tonnes of sustainable Atlantic salmon annually.

Differentiator

Problem solved

Functional benefit

Brands

• Aqua Labs: Innovation hub for developing fish farm technology of the future with targeted partners, research institutions, academia, and start-ups.

Products and services

• Next Generation RAS Facility (Atlantic Salmon)

Quantifiable outcome

• Survival rate of at least 90% within five years of production (vs industry average of 65-70%)
• +5 more outcomes

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature6 records

Partnerships

Five partnerships are on record, tiered core and minor.

• BioFish AScoreTechnology or IntegrationJoint technology partnership for developing innovative fish farming solutions. BioFish AS and Viking Aqua collaborated on a technology story video (The Film) showcasing their joint technology development efforts for land-based salmon farming.
• AquaBioTech Group (ABTG)coreTechnology or IntegrationAquaBioTech Group is a strategic technology partner providing RAS (Recirculating Aquaculture Systems) technology. Ray J Muscat (CCO), George D. Mantas (Business Development Director), and Shane A. Hunter (CEO) represent ABT in partnership discussions with Viking Aqua.
• AquaGencoreStrategic or Co-development PartnerAquaGen is a strategic partner providing fish genetics (salmon ova/fry). Photo credit indicates collaboration on Atlantic Salmon fry supply for the facility.
• Live Seafood ASminorStrategic or Co-development PartnerWilly Roger Jacobsen, Board Member of Viking Aqua, is Co-founder and Managing Director of Live Seafood AS since 2012. Live Seafood AS represents a related business venture in the seafood industry.
• Leading Research and Competence Environments / AcademiacoreStrategic or Co-development PartnerViking Aqua collaborates with leading research and competence environments, academia, start-ups, and other players through their Aqua Labs innovation hub to develop fish farm technology of the future.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Andfjord Salmon: Norwegian land-based salmon company using flow-through technology at Andøya. Comparable Norwegian species focus and land-based production philosophy, though using a different water-handling architecture.
• Pure Salmon: Global land-based Atlantic salmon RAS platform with projects in multiple geographies. Comparable technology approach and species, with a more distributed multi-site strategy.
• Salmon Evolution: Norwegian land-based Atlantic salmon RAS operator at the Indre Harøy site with a similar hybrid flow-through/RAS approach. Closely comparable geography, species, regulatory regime, and stage of capacity build-out.
• Atlantic Sapphire: Norwegian-founded land-based Atlantic salmon RAS operator, formerly the most ambitious single-site RAS project globally. Direct comparable on species, technology approach, and Norwegian regulatory context — and a cautionary case on execution at scale.
• Nordic Aquafarms: Land-based Atlantic salmon RAS developer with sites in Denmark (Frederiksværk) and the US (Maine, California). Comparable species, technology, and sustainability positioning to Viking Aqua.

Broad incumbents

• SalMar ASA: Major Norwegian salmon producer with offshore (Ocean Farm 1) and RAS investment (Smøla). Direct overlap on Norwegian salmon geography and increasingly active in land-based technologies relevant to Viking Aqua.
• Bakkafrost: Faroese-headquartered vertically integrated salmon producer with significant freshwater smolt RAS operations. Comparable regulatory sophistication and downstream focus on premium markets.
• Mowi ASA: World's largest Atlantic salmon producer, predominantly net-pen but with growing land-based exposure. Sets global salmon pricing benchmarks and represents both a competitive threat and a likely strategic acquirer/partner for land-based operators.

Emerging players

• AquaBounty Technologies: Land-based aquaculture company focused on salmon and other species using genetically engineered and conventional approaches. Overlaps on land-based technology and fish welfare, though at smaller commercial scale.

Others

• BioFish AS: Norwegian aquaculture technology company and current Viking Aqua joint technology partner. Comparable land-based salmon technology stack and a potential acquirer or continued technology supplier.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/vikingaqua
• LinkedInlinkedin.com/company/viking-aqua-as

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viking Aqua AS