Eric Lefkofsky’s company Tempus has received $80 million in funding, which should help the high-tech firm in its ongoing quest to help cancer patients. Organizations contributing to Tempus include New Enterprise Associates, T. Rowe Price Associates, Revolution Growth and Kinship Trust.
The latest funding will bring to more than $200 million the amount Tempus has received in outside investments since the firm was founded in 2015. Tempus today has a net value of more than $1 billion, which places it in what is known as “unicorn” status among new businesses. Based in Chicago, the company has a staff of about 400 and is adding some 30 employees every month.
Tempus has established a computer operating system that is used to analyze molecular data collected from patients suffering from different forms of cancer. This data is then used to identify trends and to ultimately develop treatment options that can help doctors deal with patients in a personalized manner. The process can be as simple as deciphering the handwritten notes from a doctor and making this information readily available in a general database. Tempus has worked with the many elements of the nation’s health care sector, including physicians and pharmaceutical companies. One project involved the analysis of 1,000 cancer patients receiving treatment from the famed Mayo Clinic.
Born 48 years ago in Detroit, Eric Lefkofsky began his enterpreneurial career soon after graduating from law school in 1993. His first venture, which was made possible with funds borrowed from relatives, involved the purchase of a clothing store in Madison, Wis. He has since helped establish a number of companies, including the e-commerce marketplace Groupon, the venture capital firm Lightbank and Innerworkings, a global marketing company.
Outside of his entrepreneurial work, Lefkoksky extends his services to the community in a number of ways. Among other activities, he serves on the board of directors for the Art Institute of Chicago and Children’s Memorial Hospital, also in Chicago. In 2006, he and his wife Elizabeth created the Lefkofsky Foundation, which provides financial assistance to various charitable, educational and scientific organizations throughout the world. He and his wife have three children and reside in the Chicago suburb of Glencoe.