Category: Baillie Gifford

May 31, 2019 Off

Groupon co-founder Eric Lefkofsky just raised another $200 million for his newest company, Tempus

By Jill T Frey

When serial entrepreneur Eric Lefkofsky grows a company, he puts the pedal to the metal. When in 2011 his last company, the Chicago-based coupons site Groupon, raised $950 million from investors, it was the largest amount raised by a startup ever. It was just over three years old at the time, and it went public later that same year.

Lefkofsky seems to be stealing a page from the same playbook for his newest company, Tempus. The Chicago-based genomic testing and data analysis company was founded a little more than three years ago, yet it has already hired nearly 700 employees and raised more than $500 million — including through a new $200 million round that values the company at $3.1 billion.

According to the Chicago Tribune, that new valuation makes it — as Groupon once was — one of Chicago’s most highly valued privately held companies.

So why all … Read the rest

May 17, 2019 Off

Zipline’s new $190 million funding means it’s the newest billion dollar contender in the game of drones

By Jill T Frey

With a valuation of over $1 billion and $190 million in new financing, Zipline has become the latest contender to be the leader in the game of drones.

The competition to be a leading vendor of delivery drone services is fierce, but Zipline has already built its billion-dollar business selling its hardware and services as a supplier of medical supplies across emerging markets. It may be among the most tested drone delivery services in the world.

Zipline said it will use the new funds to expand its medical supply delivery services across Africa, the Americas, South Asia, and Southeast Asia. The company said it aims to serve 700 million people with its drones within the next five years.

“There is a growing feeling around the world that technology is not benefitting the vast majority of people, said Zipline chief executive Keller Rinaudo in a statement. “The old conventional wisdom has … Read the rest