Eric Lefkofsky is a billionaire who made a great deal of his money as a co-founder of the local deals website Groupon. A few years ago, in 2015, he established a new company in the healthcare industry. This company, Tempus, is focused on helping doctors treat cancer patients. Tempus recently held its series C funding round and raised $70 million from two investing organizations.
Tempus provides genetic sequencing to doctors. This information is used to allow the doctors to individualize the treatment that their patients receive. Since Eric Lefkofsky co-founded Tempus is has raised $130 million in total from private investors. The value of the company has been established at about $700 million. Lefkofsky is the chief executive officer of the company and oversees its daily operations.
It was after seeing someone close to him diagnosed with cancer that Eric Lefkofsky decided to use his extensive background in technology to address one of the healthcare issues that surround this disease. There is a lack of proper infrastructure in the industry in regards to clinical data collection. Tempus was designed to alleviate this issue by compiling a huge amount of genomic and clinical data from past cancer patients. This is now used to personalize treatment options in order to optimize better patient outcomes.
Eric Lefkofsky has been a lifelong entrepreneur. He established his first company while still attending the University of Michigan. This was a carpet selling business. He went on to establish a number of other companies over the years including InnerWorkings which was a print procurement organization. He also other companies including Echo Global Logistics, a company that offers freight logistics to other companies.
It was in 2006 that Eric Lefkofsky, along with his wife Elizabeth, established a charitable foundation. The Lefkofsky Foundation is focused on providing money to causes on a global basis, mainly those in the areas of science and education. Their foundation, in particular, helps children who come from poverty attain an education. So far they have provided money to over 50 organizations across the globe.