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HEALTHCARE | Medical Devices & Equipment / Therapeutic Devices
freespira.com

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Founded Year

2008

Stage

Series D | Alive

Total Raised

$26.38M

Last Raised

$10M | 1 yr ago

About Freespira

Freespira is a medical device company that is developing non-pharmaceutical treatments for individuals with panic disorders, anxiety disorders, and post-traumatic stress disorder (PTSD). The company has developed a digital therapeutic that can reduce or eliminate symptoms of panic disorder, panic attacks, and post-traumatic stress disorder by training users to normalize respiratory irregularities.

Freespira Headquarter Location

12020 113th Ave NE Suite 215

Kirkland, Washington, 98034,

United States

800-735-8995

Latest Freespira News

This is how employers can help support their veteran population suffering from PTSD

Nov 22, 2021

But those levels of stress aren't limited to veterans who find themselves in first responder roles . Veterans who work in corporate settings are also at high risk of having their PTSD symptoms triggered or even worsened. Sleeping difficulty, generalized anxiety and panic disorders and the inability to stay calm or present during stressful situations can all be unexpectedly activated in the workplace. “One aspect of PTSD is you don't feel in control — psychologically, people with PTSD avoid reminders of their traumatic situations,” he says. “One of the ways of coping is to have walls around your experience. Because if you share your experience, well-intentioned folks may ask about your experience in a way that may have them go back and recall that traumatic experience.” Veterans also are sensitive about the stigma that comes with PTSD. Over 50% of employed veterans felt that there was still stigma involved in their condition and in the workplace and were concerned with feeling misunderstood or mislabeled, according to a survey by the U.S. Department of Veteran Affairs. The result is that veteran employees aren’t getting the treatment or relief from their symptoms. Employers need to offer more inclusive benefits that address the unique needs of this population, Dr. Cuyler says. Freespira, for example, offers an FDA-approved digital health service that uses an app to administer breathing exercises to treat panic disorders. These alternatives to traditional treatment models can yield promising results and open up a conversation around mental health and well-being. Seventy-seven percent of surveyed respondents said they are interested in trying an alternative form of PTSD treatment that does not involve additional medications or long-term therapy, Freespira found. Without intervention and support, the consequences are steep. Veterans — especially those suffering with their mental health — are at risk of unemployment and have a higher chance of turning to substance abuse as a form of coping. But the fault of misdiagnosed or undertreated veterans doesn’t fall on either employers or providers. But the solution, according to Dr. Cuyler, requires both to work together. “We have seen some de-stigmatization of mental health over the past decade,” he says. “And there's been a really strong focus on employers stressing mental health and mental health options within their benefit plans as available and important. That kind of open encouragement is important.

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Research containing Freespira

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Freespira in 1 CB Insights research brief, most recently on May 26, 2021.

Expert Collections containing Freespira

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Freespira is included in 4 Expert Collections, including Digital Health.

D

Digital Health

12,651 items

Companies developing and enabling evidence-based, software-driven therapeutic interventions to prevent, manage, or treat a medical disorder or disease. (*Scope follows the Digital Therapeutics Alliance definition)

M

Mental Health/Wellness Tech

1,101 items

This collection includes companies applying technology to problems of emotional, psychological, and social well-being. Examples include companies working in areas such as substance abuse, eating disorders, stress reduction, depression, PTSD, and anxiety.

M

Medical Devices

7,889 items

Companies developing medical devices (per the IMDRF's definition of "medical device"). Includes software, lab-developed tests (LDTs), and combination products. *Columns updated as regularly as possible.

B

Biopharma Tech

15,532 items

Companies involved in the research, development, and commercialization of chemically- or biologically-derived therapeutic & theranostic drugs. Excludes vitamins/supplements, CROs/clinical trial services.

Freespira Patents

Freespira has filed 3 patents.

The 3 most popular patent topics include:

  • Carbon dioxide
  • Gas sensors
  • Measurement
patents chart

Application Date

Grant Date

Title

Related Topics

Status

7/16/2014

1/8/2019

Psychiatric diagnosis, Sensors, Respiratory physiology, Respiratory therapy, Anesthesia

Grant

Application Date

7/16/2014

Grant Date

1/8/2019

Title

Related Topics

Psychiatric diagnosis, Sensors, Respiratory physiology, Respiratory therapy, Anesthesia

Status

Grant

Freespira Web Traffic

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