Shark Tank SwiftPaws Update

SwiftPaws Update | Shark Tank Season 13

Meghan Wolfgram loves doing agility competitions with her dogs. As a result, she created SwiftPaws, lure coursing chasing equipment that can help train dogs in the sport. Will the sharks get invested in this million-dollar industry during the Shark Tank Season 13 pitch? We’ll talk about it in our SwiftPaws update.

If you’re short on time, here’s a quick overview of what happened to SwiftPaws after Shark Tank!

Meghan Wolfgram appeared on Shark Tank Season 13 and left with a deal from Lori Greiner for $240,000 for 6% equity. In terms of a SwiftPaws update, the company is still in business and has done over $2 million in sales since airing on Shark Tank. Further, SwiftPaws has also launched a more affordable version of the product in an effort to make it more accessible.

Shark: Result:
Lori Greiner Accepted deal of $240,000 for 6% equity
Mark Cuban No Offer
Kevin O’Leary No Offer
Robert Herjavec No Offer 
Daymond John No Offer

Shark Tank SwiftPaws Update

SwiftPaws Update Shark Tank

  • Entrepreneur: Meghan Wolfgram
  • Business: Professional and home lure coursing equipment for dogs
  • Ask: $240,000 for 6% equity
  • Result: $240,000 for 6% equity
  • Shark: Lori Greiner

Meghan Wolfgram was a proud dog mom when she learned about the sport of lure coursing, or lure chasing. She turned this information into a million-dollar business with SwiftPaws, her home lure coursing equipment company.

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Meghan showcases her product with the help of her adorable furry sidekick, who chases the course. She also gives the sharks a chance to try out the device, and they immediately see why it’s such a popular tool for dog owners.

During her pitch, Meghan revealed that SwiftPaws has had $1.5 million in lifetime sales. Despite this, the company has very small profit margins.

Obviously, the sharks are concerned with the financials despite the successful sales numbers.

The first to drop out of the deal is Kevin O’Leary. Despite investing in pet companies like Basepaws in the past, for him, the product is too expensive (over $400 for the kit), and the profit margins are too small.

Daymond John, likewise, doesn’t think he can help as much. Therefore, he drops out, too.

Mark Cuban loves the idea but doesn’t know if he is the right person to help move the business forward. He goes out as a result.

This leaves only Robert Herjavec, who previously expressed concerns about the money situation, and Lori Greiner at the table.

Surprisingly, Lori shocks everyone in the room by pulling out her Golden Ticket. This Golden Ticket is proof to everyone that she believes in Meghan and wants to offer her exactly what she is asking for. In the past, she has given her Golden Ticket to companies like Frywall and Bug Bite Thing.

Meghan emphatically accepts Lori’s offer and walks away with her dream Shark Tank deal.

So, was Lori right to extend the Golden Ticket to Meghan?

We caught up with Meghan for an exclusive SwiftPaws update. “As a fan of the show, I knew that getting a deal and the subsequent membership from one of the sharks would be invaluable for me and for SwiftPaws,” Meghan told us.

Since airing, SwiftPaws has sold over 5,000 kits, which is 10x the amount that they sold in their first year. This equates to over $2 million in sales! Even better, Meghan confirmed that the deal with Lori closed and that she has been great to work with.

“She has been a great resource and is such a strong supporter of fellow women inventors,” said Meghan. “She personally wrote us a recommendation for an industry prize that SwiftPaws won this year, and she is always available to lend insight.”

Meghan also shared that they’ve been hard at work to create a more affordable version of their product. “After spending over a year investing in the development of Chase (the more affordable kit), the first kits shipped just before the holidays last year (2023),” Meghan told us.

Looking ahead to a future SwiftPaws update, Meghan shared that they are collaborating with a European brand to introduce new puzzle toys and have just launched their new flirt pole and critter packs, which can be found on the SwiftPaws website.

Meghan told us that her goal is “A future where people have lots of enrichment options to provide pets with healthy outlets to meet their energy demands and satisfy their natural instincts.” It seems that she is well on her way and we cannot wait to see where our next SwiftPaws update takes us.

To check out the other company updates from Season 13 Episode 19, find them here:

Interested in the other company updates from Shark Tank Season 13? Make sure to check out our Season 13 products page.

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Kimberly is a writer for Shark Tank Recap. She has written episode summaries and updates across multiple seasons of Shark Tank, with a focus on complete and accurate information since 2021. She believes that getting the business aspects of each deal correct is extremely important for viewers and fans. Her favorite Shark Tank products are The Wobbles and Rocketbook!