Eric Lefkofsky and Tempus Receive $80 Million in Funding
Recently, the Chicago company Tempus received $80 million in funding from a group of investors to continue their advanced technological research into cancer treatment. Tempus utilizes both clinical data and molecular data gathered during past treatments to discover common trends in the treatment of the disease that is affecting almost every life in the world today. Their global perspective is unique in that Tempus is working with healthcare organizations, physicians and drug companies from all over the place to find these trends in the treatment of the disease.
Since starting in 2016 under CEO Eric Lefkofsky, Tempus has seen rapid growth. Today, they employee 400 people and their rate of employment growth is huge with the demand for the data that the company is producing. The recent funding of $80 million came from famed investors like the Kinship Trust Company, T. Rowe Price Associates, New Enterprise Associates and Revolution Growth.
The rich story of Tempus starts with its co-founder and CEO Eric Lefkofsky, a Chicago based entrepreneur who has had his hands in many successful Chicago based businesses. After receiving his law degree from the University of Michigan, Lefkofsky began his career in startup companies by co-founding Starbelly in 1999. The initial success of this startup led to its sale in 2000 when Eric joined then as CEO. Shortly after in 2001, he would co-found InnerWorkings and stay on their board of directors until 2012.
While accumulating a lot of wealth with these first two companies, Lefkofsky would continue on by co-founding MediaBank in 2006. MediaBanks growth would lead to a merger with another large entity in 2012 to become Mediaocean. Here, Lefkofsky still acts as CEO for the company. In 2010, he would also co-found Lightbank prior to the startup of Tempus in 2016.
On top of the amazing feats in the business world, Eric Lefkofsky and his wife started a charitable trust with a focus on children and helping fund new organizations. As well, he sits on the board of directors at Chicago’s Museum of Science and Industry, the Art Institue of Chicago and Children’s Memorial Hospital. He has also taught tech and business classes at DePaul University, Northwestern University and the University of Chicago.