“Revolutionary” office chair secures £900,000 in VentureFounders crowdfunding round
59 investors back FreedMan Chair innovation which looks to alleviate and prevent back pain
The “world’s first truly ergonomic” office chair, the FreedMan chair, has won backing from the crowd to the tune of £900,037 through new crowdfunding platform VentureFounders.
The funding raise was completed within 85 days of the campaign launching on the site and attracted 59 investors in return for a share of 37% equity.
Said to be the only chair of its kind to enable the spine and pelvis to achieve the same posture in sitting as when standing, the product is intended to allievate and prevent back pain and problems associated with prolonged sitting.
Created by osteopath Simon Freedman, the chair is said to work in line with your body’s anatomical structure and “reduces muscle stress in the back and thighs”.
Freedman now plans to use the investment to further develop the product and capitalise on the “demand” for a chair solution with claims that back pain costs the country £12.3bn a year.
“This capital will allow us to fully unlock Freedman’s next stage of growth and gets us one step closer to helping the countless people who suffer from muscle and back pain.”
VentureFounders co-founder, James Codling, said: “The Freedman Chair is a fantastic example of British design, engineering and innovation.
“Freedman and his team have literally revolutionised sitting, addressing a massive global problem that we are only just beginning to understand. We are delighted to partner with them and help make the FreedMan Chair a huge success.”