Vibes&Beats II
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Vibes&Beats II

Music shows and more.
Investment overview
Impact category
Green economy
Investment type
Loan
Yearly interest
6.25
%
Term
12
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
A
D
C+

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Description
Impact
Financial viability
Promoter

What will you be financing?

VIBES & BEATS is an entertainment company and event producing, focused on hiring national and international artists. They have organized successful events in some of the country's largest venues, such as the Altice Arena, Campo Pequeno, Lisbon Coliseum, Porto Coliseum, Guimarães Multiusos, and Super Bock Arena. 

After two years (2020 and 2021) in which the production company was forced to freeze its activity, this campaign aims to leverage the company financially so that it can operate without cash flow constraints in 2023. This type of funding is especially important in an industry that requires securing costs before the shows are performed, which are later settled by the ticket sellers (usually 15 days after the events).

This is the promotor's second campaign after raising 250.000€ through the campaign Vibes&Beats I

The Vibes & Beats agenda includes brand activation and exposure in packed venues. Such as the tours of Luan Santana (August 18, 19, and 20, 2022), Zé Felipe (November 25 and 26, 2022), Simone (November 10, 12, and 13, 2022), and Amar Amália (November 5 and 25, 2022). For the year 2023, they already have sold out the first day of Eros Ramazzotti at the Altice Arena and have opened a second date (February 3 and 4, 2023), The Waterboys, with a three-day tour (March 8,10, and 11), Barões da Pisadinha with a two-day tour (March 17 and 18) and Djavan with 2 dates (June 9 and 10), and soon they will announce a third date. Besides the shows mentioned for the year 2023, the production company is working on the poster for the 5th edition of the North Music Festival, to be held on 26, 27, and 28 May, and the second edition of Rock à Moda do Porto, to be held on 20 and 21 October.

Its goals are to create new concepts for events, concerts, and festivals, where music is not the only focus.

 


What is the impact?

Promotion of cultural economic activity: strengthening trade in cultural goods and services provides stimulation for local and national markets, which in turn provides employment opportunities and promotes local production. This is especially important after the cultural sector suffered serious setbacks by the Covid-19 pandemic in the last two years, and starts now to recover. The financing of Vibes&Beats enables:

  • Maintenance of 6 full-time formal jobs
  • Creation of 2 new full-time jobs during 2023, for production and communication
  • Boost of national cultural industry: partnering with around 80 other national companies for the realization of the events – including marketing, communication, and structures services, it encourages the cultural infrastructure.

Promotion of cultural diversity and heritage: the realization of the events promotes and recognizes national artists, cultural production, and heritage, and by bringing international artists to tour it contributes to an appreciation of cultural diversity.

Improvement in environmental responsibilities of events: the event North Music Festival produced by Vibes&Beats has begun in their 4th edition in 2022 to value measures to decrease the event’s environmental footprint, such as the exclusive use of reusable cups. However, the organization recognizes a longer way to go, and commit to more environment-friendly initiatives for the 5th edition of the event in 2023. Once these specific measures are set, the promoter plans to update investors.

Impact indicators

CO2 avoided per year
clean energy
1
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About
Vibes&Beats, Lda

Promotion of cultural economic activity: strengthening trade in cultural goods and services provides stimulation for local and national markets, which in turn provides employment opportunities and promotes local production. This is especially important after the cultural sector suffered serious setbacks by the Covid-19 pandemic in the last two years, and starts now to recover. The financing of Vibes&Beats enables:

  • Maintenance of 6 full-time formal jobs
  • Creation of 2 new full-time jobs during 2023, for production and communication
  • Boost of national cultural industry: partnering with around 80 other national companies for the realization of the events – including marketing, communication, and structures services, it encourages the cultural infrastructure.

Promotion of cultural diversity and heritage: the realization of the events promotes and recognizes national artists, cultural production, and heritage, and by bringing international artists to tour it contributes to an appreciation of cultural diversity.

Improvement in environmental responsibilities of events: the event North Music Festival produced by Vibes&Beats has begun in their 4th edition in 2022 to value measures to decrease the event’s environmental footprint, such as the exclusive use of reusable cups. However, the organization recognizes a longer way to go, and commit to more environment-friendly initiatives for the 5th edition of the event in 2023. Once these specific measures are set, the promoter plans to update investors.

Promoter website

https://www.vibesandbeats.pt/

Team

[{"id":43,"promoter_id":271,"name":"Jorge Veloso","description":"The founder and CEO, Jorge Veloso, has 27 years of experience in touring and event production. Having founded his first company at the age of 19, his professional journey includes shows in 25 countries and 4 continents. From touring and representing Portuguese artists to managing tours of international names like Caetano Veloso, Seu Jorge, The Waterboys, or Ivete Sangalo. It is also important to note the production of major productions of the Champions League, UEFA Cup, and carnivals in several European cities.","link":"https://www.linkedin.com/company/vibes-beats-music-and-sport-events/about/","role":"CEO","member_photo":"https://991934249232-prod-octobercms-public-storage.s3.eu-west-1.amazonaws.com/public/638/5e0/3de/6385e03defcc3950314516.jpg","avatar_id":70983}]

Business Model

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Target

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Maximum

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