PawTree Announces $7 Million Growth Investment from Private Investors
PawTree, LLC announced that the company received a $7 million growth investment from private investors. Exact terms of the deal were not disclosed, but pawTree noted that the investment capital will be used to further accelerate the growth and expansion of pawTree nationally.
"We make a difference in the lives of pets and their people, which is at the heart of our vision to create a world filled with unconditional love where pets and their people thrive,” said founder & CEO, Roger Morgan.
The investment will go a long way in expanding the reach of pawTree’s natural pet products. One of the most unique aspects of pawTree’s model is that products aren’t sold through traditional retail stores or online pet sites. Instead, products are sold exclusively through a group of nearly 1,500 “petPros,” independent representatives who share the products and earn commissions.
“Anyone with a passion for pets can join as a petPro and get paid commissions,” said Morgan. The petPros simply share the pawTree products with others and earn residual commissions when people go to the pawTree site and buy.