Eric Lefkofsky Guides New Startup to Success

A new health technology company from Chicago just received $80 million in funding to continue their work. The worth of Tempus is valued at over $1 billion. With the increase in funding the company has reached ‘Unicorn’ status. The Chicago market place uses the term for startup companies worth $1 billion. Tempus, founded by Eric Lefkofsky, uses data to research trends in cancer. With a growing employee base of over 400 people, Tempus works with partners throughout the healthcare system. The company gathers and analyzes the data of patients with cancer to provide helpful information doctors. Lefkofksy’s foundation website says that Tempus is, “a technology company that empowers doctors to personalize cancer treatment through data and analytics.”

Tempus specializes in cancer research and works with many partners in the medical field. They team up with doctors, patients and drug companies to gather information. Tempus uses data to do sequencing research on DNA and RNA. The leaders of Tempus hope this approach to the research will result in new information to help cancer patients. According to the Tempus website, “Our goal is for each patient to benefit from the treatment of others who came before by providing physicians with tools that learn as we gather more data.”

Tempus is not the first company Lefkofsky created. The entrepreneur co-founded the Lefkofsky Family Foundation, Groupon and Lightbank. The businessman graduated from the University of Michigan with a degree in law. Lefkofksky began working with startup companies that use technology to support their mission. He continues to teach at the University of Michigan as an adjunct professor.

Lefkofsky spends much of his time supporting other initiatives. He started the Lefkofsky Family Foundation with his wife to support education, arts, culture and human rights causes. According to the company website, “Its purpose is to advance high-impact initiatives that enhance the quality of human life in the communities we serve.”

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