What stage does Devika Ventures invest at?

Devika Ventures invests at the Pre-Seed, Seed, Series A stages.

What is Devika Ventures's typical check size?

Devika Ventures typically writes checks of $1.5M.

What sectors does Devika Ventures focus on?

Devika Ventures focuses on AI & Machine Learning, SaaS.

Where is Devika Ventures located?

Devika Ventures is headquartered in Wollongong, AU.

Devika Ventures

Venture studio

Wollongong · Pre-Seed–Series A · 6 people tracked

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Investment thesis

Devika Ventures backs founders from pre-seed to Series A, combining capital with hands-on product, AI, and engineering support drawn from Devika's studio. It looks for founder-led companies with unique insight and conviction from lived industry experience, an AI-first approach that leverages data and workflow efficiency, and early momentum evidenced by partners, revenue, or market signals. The firm positions itself as operator-led capital, helping teams from 0-to-1 and 1-to-10 through validation, MVP building, and enterprise go-to-market. It offers a technology edge via AI, serverless infrastructure, and its Baseline framework, and provides access to investors, advisors, and co-investors. Decisions are delivered within 14 business days.

Invests inAI & Machine Learning SaaS Australia Global

Source: firm website, verified Aug 3, 2026.

Stage

Pre-Seed–Series A

Check

$1.5M

Wollongong, NSW, AU

Instruments

Equity

Founded

2016

Tracked investments

Team · 6 people

from the firm's website

Ken Kencevski· Founder· Wollongong, New South Wales, Australiain

Founder of Devika (2016) and technology entrepreneur/investor who previously led his family's business to become a top-100 Australian online retailer. He guides Devika Group, mentors founders, and has joined VC funds such as Black Nova and Unify Ventures.

Byron Papanikolaou· Head of Product & Services· Wollongong, New South Wales, Australiain

Devika's first employee, joining in 2017 as a software developer. He now leads all technical teams, focusing on product management, quality and shaping the firm's technology direction.

Daniel Herrmann· Head of Engineering· Wollongong Areain

Leads Devika's engineering practice with experience as a software developer and solutions architect, focusing on evolving the technology stack across projects.

Daniel Oliver· Product Architect· Wollongong Areain

Longtime Devika builder known for rapidly producing high-quality MVPs, now shaping product architecture and mentoring developers.

David Tallant· Head of Growth· Sydney, New South Wales, Australiain

Leads growth and venture partnerships at Devika, helping founders access technical expertise and investment support. Previously built and exited a startup that raised over $2M.

Sabrina Venish· Head of Operationsin

Operations and business leader with a background in tech startups and scale-ups. She drives strategy, efficiency and alignment across Devika Group while managing key initiatives and stakeholders.

Investments · 1 tracked

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Frequently asked questions

What stage does Devika Ventures invest at?: Devika Ventures invests at the Pre-Seed, Seed, Series A stages.
What is Devika Ventures's typical check size?: Devika Ventures typically writes checks of $1.5M.
What sectors does Devika Ventures focus on?: Devika Ventures focuses on AI & Machine Learning, SaaS.
Where is Devika Ventures located?: Devika Ventures is headquartered in Wollongong, AU.

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