SwiftPaws is a brand for health and wellness that makes remote-controlled toys for pets. The main focus of this brand’s product is on what pets do. So right now, most of what this brand makes is for dogs.
The founder of SwiftPaws, Meghan Wolfgram, is going to Shark Tank to get money so she can grow her business.
Wolfgram loves animals and works as a dog behaviorist and trainer at many zoos. SwiftPaws products help people take care of animals and give them a good life. They also help people do good things for animals.
Meghan has two dogs named Pretzel and Piper. She trains both of them with the help of SwiftPaws products.
About The Founders
SwiftPaws was started by and is run by Meghan Wolfgram. In 2012, she opened this business. Meghan cares a lot about animals, especially dogs. It now has two dogs. Their names are Pretzel and Piper.
Her pretzel dog is 13 years old, and Piper is 3 years old. She saved both of them from Southeast German Shorthanded Pointer.
She went to DePauw University for school, and then she worked at BCR Environmental as a finance intern. She started SwiftPaws, Inc. in 2012 and has been its CEO ever since.
SwiftPaws Before The Shark Tank
He was already successful before he appeared on Shark Tank, and this startup has received four funding rounds since it began. From 2012 to 2021, the company has received four funding rounds.
So, Groundswell Startups, which is an Accelerator/Incubator, gave her the first money for her business. In 2018, U.S. Strategic Capital put in $73,600.
What Happened To SwiftPaws After It Appeared On Shark Tank?
SwiftPaws has grown very quickly since they got Sundning, but their sales have gone up a little bit because of the Shark Tank show.
Many people want to buy this brand because it was promoted on this TV show, so those people are buying this brand.
If people really like this product, sales will continue to rise in the same way they have in the past.
Did Shark Tank Help SwiftPaws Get a Deal?
The founder of SwiftPaws, Meghan Wolfgram, did a great job pitching her business on Shark Tank, which Shark liked a lot.
This business is making money and has been growing for a long time, but the founder wants to get funding so he can grow it quickly.
The company’s founder asked Shark to invest $240,000 in exchange for 6% of the business.
Shark Lori Greiner put $240,000 into this business in exchange for 6% of the company, which was what the founder asked for.
What is SwiftPaws’s Net Worth?
As of December 2022, Swift Paws Has An Estimated Net Worth of $2.4 million, but it may go up in the future because the company is growing slowly.
Its competitors are also growing slowly, so it can definitely become a good startup if it changes its strategy and moves forward.
Where Are SwiftPaws Sold?
SwiftPaws is a remote control device and a tool for dogs. Through this, you can meet your dog’s daily activity quota without much effort.
Does SwiftPaws Still Exist?
Meghan Wolfgram’s new business is doing well. It has between 1 and 10 employees and has raised money from 4 investors.
Its main office is on the East Coast in the south of the US. This company is still making money and is slowly getting bigger.