According to the article in the Forbes, billionaire Eric Lefkofsky created his fortune saving clients’ money on restaurants and travel with the Groupon GRPN +2.91%. He’s the co-founder of the Chicago-based Tempus together with Brad Keywell, which focuses on the use of genomic sequencing in helping doctors in customizing cancer treatments.
Recently, Lefkofsky announced thatTempus had raised 70 million dollars in the company’s series C funding round, which was from the investors New Enterprise Associates and Revolution Growth. The funding was part of the 130 million dollars raised since Eric Lefkofsky co-founded Tempus in the year 2015. The current fundraising puts Tempus valuation at roughly 700 million dollars.
Keywell and Lefkofsky, who is CEO, have invested in each Tempus fundraising round and remain its biggest individual investors. The previous year, Lefkofsky told the weekly business newspaper, Crain’s Chicago Business, that he was ready to invest up to 100million dollars in the firm. New investors Revolution Growth and NEA have funded companies such as personal genomics company 23andMe (NEA), salad chain Sweetgreen (Revolution), and stock trading app Robinhood funded by NEA.
Tempus uses technology to compile large genomic and clinical data quantities from cancer patients for doctors to use in cancer personalize treatment. Last year, Tempus announced partnerships with the Cleveland Clinic, Mayo Clinic, among others. Tempus said that it was building the largest library of molecular and clinical data for personalizing and improving cancer care. Lefkofsky said that across healthcare, and in oncology more broadly, datasets had historically been small as well as disorganized. However, technology had created room for new possibilities. For the first time, now it’s possible to amass large amounts of clinical and molecular data and make it benefit patients by putting it to work
Lefkofsky is a Jewish and was raised in Southfield, Michigan. In 1987, He graduated from Southfield-Lathrup High School. He attended the UMich (University of Michigan), where he graduated with honors in the year 1991. Lefkofsky continued at Michigan Law to earn his Juris Doctor in 1993. He’s on the BOD (board of directors) at the Chicago-based Children’s Memorial Hospital, The (AIC) Art Institute of Chicago, and MSI. He’s also Steppenwolf Theatre Company’s Trustee. He serves as co-chairman of World Business Chicago’s Technology Council.