Eric Lefkofsky’s Startup Gains Further Round of Funding

Chicago-based startup Tempus made it known it has received $80 million in a new round of funding just six months after securing a $70 million funding boost.

Eric Lefkofsky and his business partner, Brad Keywell co-founded Tempus in 2015 with the intention of making it possible for physicians to deliver customized cancer care to patients.

The technology company, which has built an operating system to battle cancer, said both existing and new investors participated in the funding.

Kinship Trust Company and T. Rowe Price were among the new investors while existing investors included New Enterprise Associates and Revolution Growth.

The funds will be utilized to develop and expand the company’s clinical and molecular data collection and also to build up its clinical libraries. Tempus also provides cancer patients with genomic sequencing services.

Tempus has approximately 400 employees at the current time and is hiring about 30 employees per month, according to a Chicago Tribune story.

Lefkofsky commented in a statement that the company is in a rare position to guide in a time of precision medicine to encourage patients who struggle with diseases.

Some of Tempus’ group efforts include doctors and drug companies along with the Mayo Clinic, Duke University, the Cleveland Clinic, Northwestern’s Lurie Cancer Center, the University of Chicago Medicine as well as community hospitals nationwide. Tempus recently revealed it will be partnering with CancerLinQ as well.

In addition to Tempus, Lefkofsky’s entrepreneurial pursuits take in technology companies, LightBank, Uptake Technologies, Echo Global Logistics and InnerWorkings, among others.

As part of his philanthropic efforts he and his wife, Liz, set up a private charitable foundation, the Lefkofsky Family Foundation, which calls attention to advancing worldwide scientific and educational groups and foundations and expanding cultural enterprises.

Lefkofsky functions on the Board of Trustees of Lurie’s Children’s Hospital of Chicago, The Art Institute of Chicago and more.

After graduating from the University of Michigan, Lefkofsky received his Juris Doctor at the University of Michigan Law School. He and his wife have three children.

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