{"id":493083,"date":"2026-06-24T10:19:15","date_gmt":"2026-06-24T10:19:15","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/493083\/"},"modified":"2026-06-24T10:19:15","modified_gmt":"2026-06-24T10:19:15","slug":"simplicity-commits-30m-to-bridgewest-deep-tech-and-health-fund","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/493083\/","title":{"rendered":"Simplicity commits $30m to Bridgewest deep tech and health fund"},"content":{"rendered":"

\u201cThis investment provides more than just funding for Kiwi technology \u2013 it\u2019s a bridge to global markets for proven IP [intellectual property] that\u2019s ready to scale,\u201d Simplicity managing director Sam Stubbs said.<\/p>\n

\u201cThis fund has been able to curate a unique portfolio of Kiwi companies that connect to the global engineering, science expertise and venture creation capabilities of the global Bridgewest group.\u201d<\/p>\n

Bridgewest Ventures works closely with local technology and science experts, universities and start-ups to commercialise innovation in biotech.<\/p>\n

The investment comes in the same week as private investor Movac reported it had landed $185 million <\/a>for its new Growth Fund 7 \u2013 twice its first-close target.<\/p>\n

Partner Mark Vivian told the Herald that another $15m was nearly signed off from a major New Zealand institutional investor, taking the total to $200m.<\/p>\n

Vivian said the new Active Investor Plus (AIP) category had been a major driver, with Golden Visa holders pumping in $67m for Growth Fund 7 and $13m for Movac\u2019s separate Growth Opportunity Fund 1 (a $50m secondary fund set up to buy out early investors and founders).<\/p>\n

Stay ahead with the latest market moves, corporate updates, and economic insights by subscribing to our Business newsletter<\/a> \u2013 your essential weekly round-up of all the business news you need.<\/p>\n","protected":false},"excerpt":{"rendered":"\u201cThis investment provides more than just funding for Kiwi technology \u2013 it\u2019s a bridge to global markets for…\n","protected":false},"author":2,"featured_media":493084,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[112052,95,696,247022,138,25089,52044,25819,71,295,134,1426,194,6964,93,1132,111,139,69,9542,77383,370,61,14301],"class_list":["post-493083","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-30m","tag-and","tag-announced","tag-bridgewest","tag-business","tag-commitment","tag-commits","tag-deep","tag-from","tag-fund","tag-health","tag-investment","tag-kiwi","tag-kiwisaver","tag-manager","tag-million","tag-new-zealand","tag-newzealand","tag-nz","tag-sciences","tag-simplicity","tag-tech","tag-to","tag-ventures"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/493083","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=493083"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/493083\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/493084"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=493083"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=493083"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=493083"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}