Tempus is the Chicago-based company that is lead by Groupon’s co-founder, Eric Lefkofsky. The company’s mission is creating more personalized cancer patient treatment for people who have been afflicted by that disease. They recently received funding for the amount of $80 million. These funds came from a combination of existing and new shareholders.
With their current valuation of approximately $1.1 billion, their latest funding efforts elevate Tempus to “unicorn” status – a rare accomplishment for most Chicago area start-ups.
Tempus focuses on using available clinical data to analyze the trends in cancer treatment, as well as gathering biological data from the patients themselves during the treatment process. This type of information consolidation includes doctor’s notes related to their patients, which can be collected and stored electronically, allowing future retrieval and expansion of treatment opportunities.
Lefkofsky is excited at the potential benefits of these collaborations within the healthcare community. He believes, “We’re in the midst of one of the most significant paradigm shifts of our time.” The donors of this $80 million gift included new contributors Kinship Trust Company and T. Rowe Price Associates, in addition to Revolution Growth and New Enterprise Associates.
Eric Lefkofsky’s entrepreneurial journey began after attaining his undergraduate and law degrees from University of Michigan in 1991 and law degree University of Michigan’s Law School in 1993. He and a college friend, Brad Keywell purchased a clothing company, Brandon Apparel in Madison, Wisconsin.
They co-founded a company that serviced mid-sized companies’ printing needs called InnerWorkings in 2001 and offered public stocks in 2006. In 2005 Eric and Brad had started Echo Global Logistics, which provides freight logistics support. Lefkofsky and Keywell had the “Midas touch” – attracted funding from New Enterprise Associates, then went public in 2006. They started additional successful companies, including Groupon in 2013. Eric stepped down as CEO of Groupon in 2015, co-founded Tempus in 2016 to use technology collaborate with health providers for better patient care.
Eric and his wife formed the Lefkofsky Foundation to support charities that benefit education, medicine and health initiatives worldwide. Giving at home and abroad is Eric’s mission.
Read More: www.lightbank.com/team/eric-lefkofsky