Many dog owners struggle to keep their pets active and engaged, especially when they don’t have enough space or time for outdoor activities. High-energy dogs, in particular, need regular exercise to stay happy and healthy. Without proper stimulation, they can develop destructive behaviors like chewing furniture or excessive barking. Traditional toys and walks aren’t always enough to satisfy their natural instincts to chase and run.
Meghan Wolfgram, a passionate dog lover and agility competitor, faced this problem firsthand. She wanted a way to train her dogs in lure coursing, a sport where dogs chase a mechanically operated lure without needing a professional course. That’s when she came up with SwiftPaws, a portable lure coursing system designed for home use.
Her invention allows dogs to enjoy the thrill of chasing a fast-moving target in their own backyard, providing both exercise and mental stimulation.
In Shark Tank Season 13, Episode 19, Meghan pitched SwiftPaws to the sharks, asking for $240,000 in exchange for 6% equity. She demonstrated how the system worked, showing off its easy setup and remote-controlled operation. Despite strong sales of $1.5 million in lifetime revenue at the time, the sharks were concerned about the company’s thin profit margins.
Swift Paws Net Worth Shark Tank Update 2025
Meghan was looking for an investment of $240k in exchange for 6% equity in the company. At the time of the episode, she valued her company at $4 million. Meghan successfully secured a deal with Lori for an investment of $240k for 6% equity in the company. The investment kept the company’s net worth at around $4 million. After the show was aired, the company saw a big increase in website traffic, sales, and social media exposure. As per my rough estimate, the current net worth of SwiftPaws is around $8 million.
Shark(s) name
Offer & Demand
Counteroffer
Accepted?
Daymond John
Out
N/A
N/A
Lori Greiner
$240,000 for 6% equity
N/A
Yes
Kevin O’Leary
Out
N/A
N/A
Robert Herjavec
Out
N/A
N/A
Mark Cuban
Out
N/A
N/A
Meghan Wolfgram Backstory + Their Initial Pitch
Meghan Wolfgram’s journey with SwiftPaws began when she discovered lure coursing, a sport where dogs chase a mechanically operated lure. She loved the idea but realized that setting up a professional course at home was expensive and complicated. Most systems require large open spaces and professional installation, making them impractical for everyday pet owners.
Determined to find a solution, Meghan developed SwiftPaws, a portable and easy-to-use lure coursing kit. The system includes a series of pulleys, a remote-controlled motor, and a lure that mimics the movement of prey. Dog owners can set it up in their backyard within minutes, giving their pets a fun and safe way to burn off energy.
When Meghan stepped into the Shark Tank, she brought along one of her dogs to demonstrate how SwiftPaws worked. The sharks were immediately impressed by how engaged and excited the dog was while chasing the lure. Meghan explained that the product wasn’t just for fun—it also helped with training, exercise, and behavioral improvement.
She revealed that SwiftPaws had already generated $1.5 million in sales, proving there was demand for the product. However, she also admitted that profit margins were slim due to high manufacturing costs. Despite this, she believed that with the right shark’s help, she could scale production and reduce costs.
Her ask was $240,000 for 6% equity, valuing the company at $4 million. The sharks had mixed reactions; some loved the product but were worried about profitability, while others questioned whether the market was big enough.
Queries + Shark’s Responses, and Final Deal
Kevin O’Leary, also known as Mr. Wonderful, was the first to express doubts. He liked the product but felt the $400+ price tag was too high for the average dog owner. He also pointed out that low profit margins made it a risky investment. While he had invested in pet companies before (like Basepaws), he decided to bow out because he didn’t see a clear path to higher profitability.
Daymond John, an expert in retail and branding, thought SwiftPaws was a great product, but wasn’t sure how he could help. Since Meghan was already doing well in sales, he felt she didn’t need his expertise in scaling businesses. He politely declined to make an offer.
Mark Cuban loved the idea and saw the potential in the pet industry. However, he admitted that he wasn’t the best fit for the business. Since Meghan needed help with manufacturing and cost reduction, he felt that Lori Greiner or Robert Herjavec would be better partners. He stepped back from making an offer.
Robert Herjavec was intrigued but concerned about the financials. He asked Meghan about her plans to improve profit margins, but her answers didn’t fully convince him. While he saw the product’s appeal, he wasn’t ready to invest.
Lori Greiner saw something special in SwiftPaws. She loved that it was invented by a woman for pet lovers and believed in its market potential. Instead of negotiating, she surprised everyone by offering exactly what Meghan asked for—$240,000 for 6% equity. To show her confidence, she even gave Meghan her Golden Ticket, a rare gesture on Shark Tank.
Meghan accepted the deal immediately, thrilled to have Lori’s support.
Product Availability
SwiftPaws offers two main products:
1. The Original SwiftPaws Kit – A full lure coursing system with adjustable tracks, a remote control, and a durable lure. Priced around $400–$500, it’s designed for serious dog trainers and enthusiasts.
2. The Chase Kit – A more affordable version (around $200) for casual users. It’s smaller and easier to set up, making it ideal for backyard play.
Both kits are available on the SwiftPaws website and Amazon. The company has also introduced new accessories, like flirt poles and puzzle toys, to expand its product line.
What Happened To The Swift Paws After Shark Tank?
Since appearing on Shark Tank, SwiftPaws, a company that offers products for pets, has seen a lot of growth. After their appearance on the show, SwiftPaws sold over 5,000 of their kits, which is ten times more than what they sold in their first year of business. The company’s earnings reached over $2 million. This growth is largely thanks to the visibility they gained from being on Shark Tank and the support from one of the show’s investors, Lori Greiner.
They launched a more affordable version of their product called the Chase Kit, which has helped attract even more customers. SwiftPaws received an award in their industry, and Lori wrote a personal recommendation for them, highlighting their achievements.
The company is now working with a brand in Europe to introduce new toys, which means they are expanding their reach beyond the United States. Meghan, likely one of the founders, confirmed that they successfully finalized their business deal with Lori Greiner. Lori has also been acting as a mentor to the company, helping them improve their manufacturing processes and marketing strategies.
Conclusion
SwiftPaws’ journey on Shark Tank Season 13 was a success. Despite concerns about pricing and profit margins, Lori Greiner believed in the product and offered Meghan Wolfgram a $240,000 deal for 6% equity. Since then, the company has doubled its sales, launched a more affordable version, and expanded its product line.
For dog owners looking for a fun, engaging way to exercise their pets, SwiftPaws remains a top choice. With Lori’s guidance and Meghan’s passion, the future looks bright for this innovative pet product.
Hey, I’m Amna Habib, an undergraduate student pursuing a Bachelor’s in Business Administration. Shark Tank has always been one of my favorite TV shows because it offers a unique glimpse into the world of entrepreneurship. The way entrepreneurs present innovative solutions to everyday problems aligns with my academic interests and fuels my curiosity about business strategies. Each pitch showcases creativity and strategic decision-making, which I find both insightful and inspiring. Watching the show has deepened my passion for business and motivated me to explore the world of entrepreneurship even further. Beyond business and writing, I love food, shopping, and spending time with my friends and family.
