# Mark Murphy

> Mark Murphy is the co-founder and CEO of Banner (withbanner.com), a New York proptech building the capital-expenditure operating system for commercial real estate. After years in real estate finance at Goldman Sachs and RBC Capital Markets, he watched institutional owners run billion-dollar capital projects on spreadsheets, email threads, and disconnected tools, and started Banner in 2019 with college friend Kunal Chaudhary to replace that mess with one platform. Backed by Y Combinator (S19), Blackstone, Fifth Wall, Pruven Capital and Basis Set Ventures, Banner raised a $10M Series A in October 2023 and now oversees more than $10 billion in capital spend for operators like Starwood Capital, LivCor, Morgan Properties and Industrious.

- **Role:** Co-Founder & CEO at Banner Technologies
- **Organizations:** Banner Technologies, Players' Lounge, RBC Capital Markets, Goldman Sachs
- **Nationality:** American
- **Education:** University of California, Berkeley
- **Known for:** Co-founded and leads Banner, a YC-backed (S19) proptech building the capex operating system for commercial real estate., Raised a $10M Series A in October 2023 (roughly $13M total funding) from Blackstone Innovations Investments, Fifth Wall, Pruven Capital, Basis Set Ventures and Y Combinator., Grew Banner to oversee more than $10 billion in capital expenditure under management by 2024.

## Career timeline

- **2015** — Meets future co-founder Kunal Chaudhary at UC Berkeley.
- **pre-2019** — Works in real estate finance, including roles connected to Goldman Sachs and RBC Capital Markets; co-founds gaming startup Players' Lounge.
- **2019** — Co-founds Banner with Kunal Chaudhary; joins Y Combinator's Summer 2019 (S19) batch.
- **2021** — Major multifamily operators adopt Banner across portfolios exceeding 100,000 units.
- **2023** — Banner closes a $10M Series A led with Blackstone, Fifth Wall, Pruven Capital, Basis Set Ventures and Y Combinator.
- **2024** — Banner surpasses $10 billion in capital expenditure under management.
- **2025** — Expands platform into project management, vendor coordination and operational expense management.

## Achievements

- Co-founded and leads Banner, a YC-backed (S19) proptech building the capex operating system for commercial real estate.
- Raised a $10M Series A in October 2023 (roughly $13M total funding) from Blackstone Innovations Investments, Fifth Wall, Pruven Capital, Basis Set Ventures and Y Combinator.
- Grew Banner to oversee more than $10 billion in capital expenditure under management by 2024.
- Signed institutional customers including Starwood Capital, LivCor, Morgan Properties, Harbor Group International, April Housing and Industrious.

## Latest updates

- **2023-10** — Banner announced a $10 million Series A to expand its capex platform for institutional real estate owners and developers.
- **2024** — Crossed $10 billion in capital expenditure under management.
- **2025** — Broadened the platform into project management, vendor coordination and operational expense management.

## Links

- Website: https://withbanner.com
- LinkedIn: https://www.linkedin.com/in/justmurph/

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Profile page: https://yespress.io/mark-murphy
Published by YesPress — https://yespress.io
Last updated: 2026-06-11