# Banner Technologies

> Banner is an enterprise capital expenditure (CapEx) management platform built for commercial real estate owners, operators, and developers. It replaces spreadsheets, email threads, and disconnected tools with one system that runs the full capital process - budgeting, bidding, bid leveling, cost tracking, invoicing, and lender draws. Banner says customers automate 80%+ of administrative work and save up to 10% on project costs, and the platform manages more than $10 billion in capital expenditure.

- **Founded:** 2019
- **Headquarters:** New York, United States
- **Founders:** Mark Murphy (Co-Founder & CEO), Kunal Chaudhary (Co-Founder), Eric Gao (Co-Founder)
- **Team size:** Approximately 35-55 employees
- **Products:** Financial Management, Project Management, Vendor Coordination, Portfolio Analytics
- **Notable:** Closed a $10M Series A in October 2023 with Blackstone and Fifth Wall participating, Manages more than $10 billion in capital expenditure on the platform, Adopted by major owners including LivCor, Starwood Capital, and Morgan Properties

## Products & services

- **Financial Management** — Budgeting, approvals, invoicing, and lender draws in a single workflow.
- **Project Management** — Scheduling, documentation, and punch lists to keep capital projects on time and on budget.
- **Vendor Coordination** — Bidding, bid leveling, contracting, and communication with the extended project team.
- **Portfolio Analytics** — Real-time visibility into capital programs across an entire portfolio.

## Achievements

- Closed a $10M Series A in October 2023 with Blackstone and Fifth Wall participating
- Manages more than $10 billion in capital expenditure on the platform
- Adopted by major owners including LivCor, Starwood Capital, and Morgan Properties
- Graduated from Y Combinator (Summer 2019)
- Reports automating 80%+ of administrative work and up to 10% project cost savings for customers

## Latest updates

- **2023-10** — Announced $10M Series A led by institutional proptech investors including Blackstone Innovations Investments and Fifth Wall, bringing total raised to roughly $13M.
- **2024-01** — Expanded focus beyond multifamily toward office, retail, and industrial verticals and grew the team across research and design.

## Links

- Website: https://withbanner.com
- LinkedIn: https://www.linkedin.com/company/withbanner
- Twitter/X: https://x.com/_with_banner
- Facebook: https://facebook.com/withbanner

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Profile page: https://yespress.io/banner-technologies
Published by YesPress — https://yespress.io
Last updated: 2026-06-16