Alex West resigns from Swoop following aggressive acquisitions and divestments
Swoop's chief executive is leaving the ASX-listed telco, with interim directors named, as its record of buyouts, divestments and fundraising draws sharp public criticism.
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Every published round Pivotel took part in, and every parcel of existing shares it bought off another holder. Deals we hold but haven't published yet are not counted.
Companies Pivotel has backed in a published round, and companies whose existing shares it bought off another holder.
| Company | What it does | First invested | Rounds | Led |
|---|---|---|---|---|
| No portfolio companies recorded yet. | ||||
Fund closes reported for Pivotel, as distinct from the investments it has made.
Companies Pivotel has backed that another company then bought. An exit for the holding, not a deal Pivotel did.
| Company | Bought by | Kind | Announced | Price |
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| No portfolio company of Pivotel is recorded as having been acquired. | ||||
Companies Pivotel acquired or merged with, per published coverage. Buying a company is not investing in one: nothing here counts in the deals column.
| Company | Kind | Announced | Price | Sources |
|---|---|---|---|---|
| VoiceHub | Acquisition | 2024 | $9m | ARN (ARNnet) (7 Jul 2026), ARN (ARNnet) (26 Jun 2026) |
Stories naming Pivotel. Where several outlets covered the same round, they are bundled under whichever ran the fullest account.
Swoop's chief executive is leaving the ASX-listed telco, with interim directors named, as its record of buyouts, divestments and fundraising draws sharp public criticism.
Telco Swoop divests its incomplete Melbourne fibre network to Xenith's Australian arm for $11 million, proceeds going to debt repayment; the story also recalls Voicehub's 2024 sale to Pivotel for $9 million.
Also ARN (ARNnet)