Why Banyan AI Fund I Invested in Examen

At Banyan Ventures, we back AI-native companies — those designed from day one with AI as the core architecture, not a feature. Examen represents exactly that.

Examen is building the AI asset manager for commercial real estate (CRE) — automating the manual, repetitive workflows that define the day-to-day of asset managers. These professionals often spend 30 hours a week searching PDFs, spreadsheets, and email threads to answer routine portfolio questions. Examen cuts that to a fraction of the time by automating portfolio insights, reporting, lease intelligence, and document processing.

Why We Invested

We believe Examen is on track to become the AI operating system for commercial real estate.
Within months of launch, the company signed multiple enterprise customers, including one of the largest global asset managers, and several upper-mid-market CRE firms that quickly expanded their contracts after seeing measurable productivity gains.

What stood out most to us was how quickly Examen’s product became mission-critical. Customers are paying upfront, expanding across portfolios, and seeing compounding value the more data they connect. That level of early adoption is rare — especially in a historically slow-moving industry like CRE.

This isn’t a generic AI assistant layered on top of a spreadsheet; it’s a purpose-built, AI-native workflow layer designed to become the system of record for asset managers.

The Product Vision

Examen’s roadmap shows a clear sequencing of AI-native capabilities:

  • Agentic Intelligence – The ability to query entire portfolios via natural language, with full transparency back to source documents.
  • Instant Lease Intelligence – Automated rent rolls, escalations, renewals, and repair responsibilities — drastically simplifying lease analysis and forecasting.
  • Smart Document Processing – Extraction of key terms from loan docs, service contracts, and P&Ls, enabling one-click due diligence and reporting.
  • Automated Reporting – Dynamic generation of portfolio-wide reports and insights.

This progression is how true AI-native systems evolve — from point capabilities into full operating platforms.

Founder-Market Fit

Examen was founded by Ricardo Chamorro (CEO) and Diego Chamorro (CTO) — brothers with complementary backgrounds that perfectly align with the opportunity.

Ricardo spent years at Bain Capital and BCG with a focus on real estate and finance, while Diego brings deep technical experience from Anduril and Microsoft, where he worked on core infrastructure systems. Their combination of commercial real-estate insight, AI technical depth, and family roots in CRE in El Salvador creates exceptional founder-market fit.

Co-Investors and Early Support

We’re joined by a world-class group of early backers who led or participated in the pre-seed round, including GTMfund and Bling Capital — two firms known for their focus on go-to-market excellence and early-stage category creation.

Why It Fits Banyan’s Thesis

Our thesis at Banyan Ventures is that AI-native platforms will reshape every major vertical, starting with those where data complexity and manual workflows are highest. Commercial real estate is one of the largest asset classes in the world, yet it still operates on fragmented legacy systems.

We believe Examen is showing early signs of becoming the AI-native workflow layer that ties together asset management, property operations, and investment analysis — a foundation that could evolve into a defining platform for the CRE industry.

Banyan Ventures invests in AI-native infrastructure and vertical software companies at the pre-seed and seed stages.

- Founder and GP, Sam Awrabi