Why Eric Lefkofsky Co-Founded The Health Technology Firm Tempus

There’s a new Chicago, Illinois-based health technology company called Tempus, Inc. It was co-founded by entrepreneur Eric Lefkofsky in 2015 and the goal of this company is to help doctors treat cancer by providing them with cutting-edge technology. Tempus is already considered one of the most exciting health technology startups in America. It collaborates with universities and hospital across the nation as well as the National Cancer Institute.

Eric Lefkofsky was amazed when he learned how little data cancer doctors had available to them to treat cancer. If they could have access to a huge DNA and genomic database they would be able to individualize the care of patients to treat them in the way that they would best respond to, he thought. Tempus now provides this database to cancer doctors in numerous hospitals.

When Tempus was first established it garnered $130 million in funding to get it started. It is now already worth about $700 million. The platform they provide hospitals are giving physicians a way to make real-time decisions based on the best available data. Each patient who receives a whole genomic sequencing has their non-identifiable information added to the database which helps the next patient and so on.

Eric Lefkofsky has been a Chicago entrepreneur for almost 20 years. One of his biggest success was co-founding Groupon in 2007, a company that he is still the chairman of. This company famously offers its users local deals on products and services in their area. Another company he recently co-founded was Uptake which is a predictive analytics business.

In 2006, Eric Lefkofsky co-founded the Lefkofsky Family Foundation. This is an organization that is trying to make a global impact through sponsoring scientific research projects in the field of medicine, education, human rights, and the arts. They have supported many nonprofits over the years such as Teach For America, the Academy of Urban School Leadership, the American Civil Liberties Union, Human Rights Watch, The Aspin Institute, and the Whitney Museum of Art among many others. Their medical research donations have gone towards solving a host of diseases such as brain tumors and childhood diseases.

Learn More: www.crunchbase.com/person/eric-lefkofsky

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