Groupon Founders Eric Lefkofsky and Brad Keywell Starting VC Fund

Posted Mar 16, 2010

Eric Lefkofsky and Brad Keywell have started an early-stage fund called Lightbank. They plan to invest as much as about $10 million annually in technology companies. This includes startups that need financing that range from $100,000 to $1 million. The two want to help make Chicago a technology hub that helps support the heaps of “untapped entrepreneurial talent.”

Eric Lefkofsky and Brad Keywell met at the University of Michigan. Both founded companies in the past. Lefkofsky founded InnerWorkings, a printing company that went public in 2006. In 2005 the two started a transportation company called Echo Global Logistics. That company went public last year.

In 2007 Eric and Brad started Groupon and raised about $36 million. Groupon has over 3 million subscribers. Between the two of them, Eric and Brad raised over $150 million in funding and generated about $1.5 billion in returns.