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Vibes&Beats VI
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Vibes&Beats VI

Co-finance the production of the 6th edition of the North Festival.
Investment overview
Impact category
green_economy
Investment type
loan
Yearly interest
7
%
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.
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Promoter

What will you be financing?

VIBES & BEATS has been a dynamic actor in Portugal's entertainment world. They are now one of the largest national concert producers and manage events in many of the country's main venues.   

The funds raised through this campaign are intended to co-finance the production of the 6th edition of the North Festival. The next edition, which will take place on May 24, 25 and 26, 2024, will be marked by a major novelty: a new location, Serralves Park, Oporto.

This is the promoter's sixth campaign, after having raised 950,000 euros through Vibes&Beats I, II, III, IV, and V to leverage costs before shows, which were later settled by the ticket sellers (usually 15 days after the events).

The event has seen sustained growth; in the last edition, the festival welcomed more than 50,000 people over three days. Tickets for 2024 are now available and in addition to the new "address", the North Festival has confirmed the first headliner for this edition: Keane (May 25). The English band returns to Portugal in the same year that they celebrate two decades since their first album.

To date, the promoter produced 24 shows in the country's largest venues:

  • Eros Ramazzotti with 2 dates at Altice Arena,
  • The Waterboys with 3 shows at the Coliseums of Lisbon, Porto, and Casino do Estoril,
  • Barões da Pisadinha with 2 dates at Super Bock Arena and Sagres Campo Pequeno,
  • Brasil Vibes at Altice Arena,
  • North Festival with 3 dates at Alfândega do Porto,
  • DJAVAN with 3 shows at Coliseu de Lisboa and Super Bock Arena.
  • TRABALHADORES do COMÉRCIO S at the Estoril Casino,
  • ROCK à MODA do PORTO with 2 Super Bock Arena dates,
  • TITANS at the Altice Arena,
  • SILVA with 2 dates at the Super Bock Arena and Sagres Campo Pequeno,
  • THE ELTON EXPERIENCE with 2 dates at Super Bock Arena and Sagres Campo Pequeno
  • LUAN PEREIRA with 2 dates at the Super Bock Arena and Sagres Campo Pequeno.

At the moment there are 3 shows with tickets for sale as well as the 6th edition of the North Festival. The promoter's goals are to create new concepts of events, concerts, and festivals, where music is not the only focus of the public.

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 7 full-time formal jobs
  • Boost of the 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.

Impact indicators

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

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

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 7 full-time formal jobs
  • Boost of the 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.

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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12500000

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12500000

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12500000

maximum

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