capital-expenditure
(2)
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.
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.