Share
100% funded by 1151 investors
Offcoustic III
Lisboa, PT
instalment
monthly
term
4 years
yearly interest
6%
risk rating
B-
Financing the production of 49 phone booths for open-space offices.
Description
To answer the problem of the lack of meeting rooms for calls or video calls in modern open-space offices, Offcoustic designs simple and modern acoustic cabins, produced in Portugal, in a sustainable way, with high ethical considerations and competitive prices - the Square for One, Pod for Two e Pod for Four.
After two successful campaigns where the promotor raised 120.000€ to finance 61 booths (Offcoustic I and II ), Offcoustic now wants to raise an additional 75.000€ to co-finance another 49 units.
The number of Phone Booths required for a given period varies, so Offcoustic offers a subscription model, with maintenance, the possibility of changing the number of units, and the freedom to end the contract.
This model allows working from a circular economy perspective, where the useful life of the units and their resources is optimized. With this incentive to create longer-lasting products, and to optimize logistics and maintenance processes, Offcoustic wants to move away from business models dependent on fast consumption.
Despite being aware that they can't change the world by building Phone Booths, the company wants to build an ethical and sustainable business and inspire other entrepreneurs to do the same. Its focus is on building products that respond to concrete needs, in the most effective, efficient, minimalist, and sustainable way, with modern, fair working policies and a focus on the satisfaction of their teams.
The Impact
Direct
- Promotion of responsible production: production is based on demand, not scale. Offcoustic intends to implement a circular economy flow in which they own the fleet of booths and thus, invest in its maintenance, to keep them functioning for the longest period possible. 193 booth units in total have been installed or booked.
- Incentive to local economy: production happens in Portugal, working with Portuguese carpenters, and using mostly Portuguese materials.
Indirect
- The offset of carbon footprint: Offcoustic pledges to plant trees for every booth unit produced. Until now, Offcoustic has already financed the planting of 8,000 trees, which you can check out here. Offcoustic is partnering with a project in Lousã, in central Portugal, to continue the carbon footprint offset by planting trees.
Contribution to the Sustainable
Development Goals
Sustainable Development Goals
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Financial viability
This campaign aims to co-finance the production costs of 49 Phone Booths, that have been pre-ordered. The total value of this campaign will be used to produce the cabins.
The units will be installed in 30 days, after which the loan will be paid back using the value of the monthly subscriptions for the rental of the booths.
All Phone Booths are mobile and can be moved between offices and companies according to the subscription plans (minimum terms of six to 24 months).
Download the Financial Statements for the promoter here
Download Key Investment Information Sheet
Guarantees
Commercial pledge of assets.
The Promoter
About WITHOUT HURRY - LDA
WITHOUT HURRY, LDA is the company behind Offcoustic. It emerged in 2020 to launch its line of affordable Phone Booths. These booths are produced in Portugal, with sustainable processes, to create spaces for calls and video calls in open-space offices and companies or coworking spaces.
The promoter has expanded its operations in Portugal, Spain, UK, USA, Germany, Malta, Croatia and Gibraltar.
Although it is not possible to find a completely ecological solution for production, the company is moving in this direction with Tree Planting, choosing the right materials, local production, and optimizing transport.
Today, Offcoustic:
- finances the production of Trees in Portugal and some African countries through the Brynk.eco platform.
- only produces according to orders;
- Uses Felt made in Portugal (acoustic material used in the automotive industry, from reused materials).
- Produces in Portugal, in Vendas Novas.
Since its first campaign in January 2022, Offcoustic has experienced growing adoption and demand from coworking spaces, SMEs and startups (visit the website and read the testimonials).
Its "Phone Booth as a Service" model is particularly appealing because of the flexibility it offers. With more than 120 units installed or in production for this Subscription model. In addition, Offcoustic continues to sell booths to customers interested in purchasing the product directly.
"We believe that less is more, in transparency and good quality of life. We want to work asynchronously, in diverse teams, bringing generalists and specialists together." Rodrigo.
(Offcoustic is open to all your ideas and suggestions regarding the next steps and sustainability at hello@offcoustic.com. Counting on the Goparity community to help them get further).
The team
Rodrigo Pessoa Jorge
Rodrigo holds a degree in management from Universidade Cátolica de Lisboa. This 28-year-old considers himself a Creative Generalist and an Optimistic Analytic. He founded Offcoustic in 2019 and works full-time as CEO of the company that he grew from scratch. He has experience working in Startups in the areas of Business Development and Partnerships. His passion for music since the age of 4 has led him to perform more than 100 concerts and to learn about audio and acoustics.
Pedro Aguiar
After studying Economics at NOVA SBE and completing his master’s in finance at ISEG, Pedro worked in innovation and commercial departments. An entrepreneurship and start-up enthusiast, Pedro is now responsible for Offcoustic's operations and sales.
Douglas Vargas
Driven Technical Sales & Operations Manager with over 10 years in sales, customer service, and customer acquisition. Track record of successfully expanding customer base, product offerings, and range of services to quickly achieve significant and sustained sales and revenue growth.
Business Model
Offcoustic sells and rents (on a subscription basis) Phone Booths. Their sales have been made through website promotion (41%), Linkedin (20%), Upsell (18%), and organically (21%). They are active in the Portuguese (77%), Spanish (19%), and UK (4%) markets.
Whether in the office or in a coworking space, the lack of space for calls is a growing problem:
- 2020 New Booths: 8 units
- 2021 New Booths: 20 units
- 2022 New Booths: 100 units
- 2023 New Booths: 154 units
Active since
2020
Fiscal country
PT
Operating In
Portugal, Spain and the United Kingdom
Industry
Furniture
Number of Goparity Loans
6
Women Shareholders
No
Website
www.offcoustic.comUpdates
2024-01-28
First payment
First instalment was paid to all the investors
2023-12-28
100% funded
1123 investors successfully raised 110.000€
2023-12-19
Open for investment
This campaign is open for investment
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