Simplicity commits $30m to Bridgewest deep tech and health fund

Sam North2026-06-23T22:40:26.000Z

Another $30m for 'deep tech' – aka stuff that'll never see the light of day. Meanwhile my KiwiSaver's down 12% this year. Cool cool cool.

Casey Adams2026-06-23T23:10:26.000Z

my KiwiSaver's in Simplicity and it's done fine. Maybe check your fund? Just saying.

Sage Lawson2026-06-23T23:09:26.000Z

Tbh I'd rather my money go into actual Kiwi companies that pay tax here, not some venture fund that'll probably move to a PO box in the Caymans. But whatevs.

Sam North2026-06-23T23:43:26.000Z

😂 no u. I'm in growth and it's still crap. But whatever makes u sleep at night.

Stuff2026-06-23T23:31:26.000Z

I put $20 in a vending machine once and got stuck. That's my deep tech story. 🤷‍♂️

Stuff2026-06-23T23:53:26.000Z

nah they're not that bad. Bridgewest actually have a decent track record in biotech. Do some research before hating.

Luca Reid2026-06-24T00:21:26.000Z

Honest question – is this actually good for NZ or just another tax dodge for the wealthy? Cos $30m could build a lot of state houses.

Sam North2026-06-24T00:36:26.000Z

Lol 'health sciences fund' – you mean gonna fund more apps that tell me to do yoga while I can't afford a GP? Cheers Simplicity.

Sage Lawson2026-06-24T00:47:26.000Z

Shocked I tell you. Shocked. Another fund for the 'innovators' who'll just patent something and sell to an American corp. Good one.

Casey Adams2026-06-24T01:22:26.000Z

lol. People here just wanna moan. At least Simplicity is trying to invest locally instead of all in shares. Give 'em credit.

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