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Confirmed Amount = 300.000 €
Reserved Amount = 0 €

300.000 €

Reserved

Tonewoods

Location Pin Svg
Fuente del Jarro, ES

instalment

monthly

term

1 year

yearly interest

6%

risk rating

B-

Environmentally conscious wood for musical instruments.

Description

Tonewoods is one of the leading providers of sustainably sourced (FSC® certified) wood for the musical instrument industry.

Through this campaign, Tonewoods seeks financing to purchase raw materials, which will support their cash flow management and guarantee uninterrupted operations. 

In the musical instrument wood sector, companies often purchase timber well in advance due to the extensive processing and drying times required for high-quality materials. While this strategy ensures a stable supply and protects against price fluctuations, it requires suppliers to be paid upfront, typically a year in advance, while payments from clients are only received later. This creates a cash flow mismatch for the companies operating in the sector. Resolving this mismatch will enable the company to maintain strong supplier relationships, avoid production delays, and meet growing demand efficiently.                                  

Tonewoods is currently in a growth cycle thanks to awareness about the importance of utilising environmentally conscious resources for manufacturing. Wood is the main component of instruments like guitars, pianos, marimbas, wind and bow instruments, and it is increasingly more obvious that musical instruments should not be produced from anything that is not originating from a well managed forest. 

During 2024 the company invested heavily in machinery to increase its production capacity and in 2025 it needs to purchase more volume of raw material to keep up with the demand. The wood originates mostly from developing countries in the tropics that require advance payments.

The Impact

Direct 

  • Sustainable use of raw materials: Tonewoods purchases only 100% FSC-certified wood, under a Chain of Custody (CoC) certification, which attests that the wood is produced with responsible forest management practices. This includes the conservation of natural resources, the protection of biodiversity, and the reduction of deforestation. The certification contributes to fighting illegal logging, mitigating climate change, and enabling complete traceability. These practices are based on collaboration with local communities, promoting fair workforce practices, and supporting their livelihoods. 
  • Efficient use of natural resources in production processes: Tonewoods produces over 1 million products annually, including instrument components, decking, and wall veneers, using sustainable materials and methods. Beyond responsibly sourcing raw materials, Tonewoods also prioritizes efficient production processes. They use modern equipment, including artificial intelligence, to optimize the use of each wood board. Residual wood that cannot be used for primary products is repurposed to create other products, such as finger-joint wall veneers. Additionally, the solid residues that cannot be reused in their facility are sent to a Spanish wood transformation industry, where they are turned into particle boards. Sawdust recovered in every machine is sent to a cement factory to be used as biomass, reducing its carbon footprint. On average, 60% of the wood imported is converted into products, while the remaining 40% (20% solid residues and 20% sawdust) is sustainably managed. This approach allows Tonewoods to reuse approximately 800 m³ of materials annually, ensuring that no waste is left unutilized. 
  • Job creation: This project will enable Tonewoods to expand its production capacity, leading to the creation of two new jobs: one focused on the decking production line and another in general production. 

Indirect 

  • Implementation of sustainable production facilities: Tonewoods operates in facilities designed with sustainability and employee well-being in mind. Their solar panel installation enables the use of renewable energy, reducing CO2 emissions and lowering electricity costs. The building design maximizes natural light, reducing the need for artificial lighting during the day, and further decreasing energy consumption. The inclusion of indoor plants improves air quality, contributing to a healthier workspace and boosting employee morale. 

By adhering to sustainable practices across its production and facilities, Tonewoods not only reduces its environmental impact but also sets an example of corporate responsibility in the music and woodworking industries. 

Impact Indicators

Metrics Svg

2

jobs created

Sustainable Development Goals

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12 image

Financial viability

Repayment will be supported by revenues from long-term contracts with leading international manufacturers. With projected growth in sales volume and EBITDA, Tonewoods aims to become increasingly self-reliant and reduce dependence on external financing.

Withholding tax - depending on your tax residency, the interest earned on this project is subject to tax withholding according to Colombian law. For more information, please check these FAQ:

This project has a minimum target of 240.000€. As stated in Part B of the KIIS document (Key Investment Information Sheet), the minimum targeted loan amount is 240.000€, this means the funding campaign can close with any amount between 240.000€ and 300.000€.

Capital at risk - investing involves the risk of losing part or all of the money you invest.  Although Goparity implements risk-mitigation measures, to further reduce the risk of capital loss, please remember to diversify your portfolio to limit your exposure to specific projects. Learn more about risk mitigation here >

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Download the Financial Statements for the promoter here

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Download Key Investment Information Sheet

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Guarantees

Loans granted to the promoter TONEWOODS SL by investors will have the following guarantees, provided for in the loan agreements associated with the campaign:

  • Personal guarantee under Spanish law (pagaré) from the quotaholder, Isabel Bellver Garcia with the following tax number 20430297H, for the total amount of the debt
  • Personal guarantee under Spanish law (pagaré) from the quotaholder, Nicholas Weber with the following tax number X0624377L, for the total amount of the debt.

The Promoter

About TONEWOODS SL

Tonewoods SL was founded in 2014 by Nicholas Weber and Isabel Bellver. Nicholas started his career in the wood industry in 2000 shortly after graduating in Economics where he specialised in international trade. In 2010 he started his own business and set up three sawmills, one in Canada, another in Cameroon, and the other in Tanzania. At the same time, he was subcontracting some processing in Valencia where he also obtained his first FSC® certificate. In 2014 Nicholas and Isabel decided to move all the operations to Valencia, they rented a 250 m2 facility, purchased a secondhand machine with a loan from the bank, and put all their saving into the venture.

In 2015 Tonewoods moved to a 1000 m3 facility and purchased 6 new machines. During the pandemic sales grew exponentially thanks to the high demand for instruments and new eco-conscious customers. During 2022 the company moved once again, this time to a 4000 m2 facility and the investments in machinery continued. At the time their focus was to optimise the processes, adding value to the product by producing engineered products and reutilising the waste for uses outside the music industry for products such as decks or pallets. 

The ultimate quest of the founders has always been to influence the music industry into using certified wood to produce instruments. After 10 years into the venture they are starting to see their dream come true and the clear sign is the growth potential they are experiencing. At this stage of the company, the founders are also exploring the possibility of applying the same philosophy to other wood products.

Tonewood raw materials are purchased directly from FSC® forests in the Republic of Congo, Gabon, Brazil, Guatemala, India and Romania. The certification not only focuses on the sustainability of the forest, but also in positive social impact and economic viability.

The team

Nicholas Weber

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CEO

Co-founder Economist MBA 24 years experience in the industry

Isabel Bellver

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CFO

Co-founder Bachelor degree in Finance 14 years experience in the industry

Mauro Lorente

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Production Manager

Master in Operations. 15 years experience. Guitar maker

Yasmina Alabau

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Administration and Logistics Manager

Bachelor Degree in Finance and Business Administration 10 years experience

Business Model

Tonewoods is specialised in producing musical instrument parts from wood originating from ethically-managed forests. 

The company focused on certified wood since its foundation in 2014 and is now a leading supplier of this type of material to the musical instrument industry. 

The raw material is processed at the facilities in Valencia with the latest processing machinery. The final parts are considered an engineered product that is ready to be turned into musical instruments. 

The promoter's main customers are large instrument manufacturers located mainly in the USA, Japan, China, Indonesia, Mexico, Canada, and Europe.

Active since

2014

Fiscal country

ES

Operating In

Spain Congo Gabon Brazil Guatemala Romania USA Canada Mexico Japan Indonesia China

Industry

Wood

Women Shareholders

Yes

Updates

2025-01-28

Open for investment

This campaign is open for investment

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