Founded by Dipp and Lum, growth firm Biospring to invest in services, tools, software

Newly launched Biospring Partners hopes to fill what it sees as a gap in the market by making growth investments in tools, services and software companies that can help biopharmas’ R&D become more efficient.

Biospring announced Tuesday its first deal, a $10 million investment in CDMO Abzena plc. That company offers antibody discovery, protein engineering and cell line development among a broad line of biology, chemistry and manufacturing services...