Eric Lefkofsky and Tempus Score Additional Funding, Unicorn Status.
Things are going well for one of Chicago’s hottest tech-based start-up companies, Tempus. Tempus recently achieved Unicorn status after it received an additional $80 million in funding through a string of private investments. These investments pushed Tempus’ total fundraising efforts to north of $210 million over the past three years. Tempus was co-founded by Eric Lefkofsky, a Chicago-based tech entrepreneur, with the intention of helping to change the way that cancer care is approached in the medical field. Tempus is attempting to do several important things in the coming years, so let’s take a moment to see where the company is heading and how they plan to get there.
What Tempus is, essentially, could be described as a data-driven database that seeks to streamline and improve the approach to cancer care in medical facilities throughout the country. Tempus seeks to digitize data pertaining to patients currently undergoing cancer care while also cataloging older information. The goal here is to have as much information as possible available at any given time for medical professionals, patients and family members to access. With a more efficient way to access data, medical professionals will stand a better chance to identify key trends in the treatment process. By identifying these trends, medical professionals might be more effective in developing a plan of care for their patients.
Right now, Tempus is valued at more than $1.1 billion and their growth is something that is projected to continue going forward. This valuation put Tempus into the Unicorn status that we listed above and it is a prestigious spot that many Chicago-based startups can only dream to get to. While the funding has been there, Tempus has been focusing on improving their growing roster. Tempus is projecting to add nearly 30 employees to their roster every month from here on out as the company focuses on expanding into their new and important role.
The newest round of investor success showed that Eric Lefkofsky was right to attempt to make Tempus a reality. After seeing the cancer-care process up close, through a personal relationship, Lefkofsky realized that there was real room for improvement within the system.