Eight species of the genus Freya Koch 1846, closely related with the type species Freya decorata (Koch 1846), are revised and redescribed: F. decorata, F. regia (G. & E. Peckham 1896), F. maculatipes (Cambridge 1901), F. nigrotaeniata (Mello-Leitão 1945) new combination, F. rubiginosa (Koch 1846), new combination. The female of F. nigrotaeniata is described for the first time. Three new species are described: F. dureti from Brazil, F. chapare from Bolivia and F. atures from Venezuela. Diagnostic characters for the genus are given.