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Devika Ventures

Venture studio

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

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Investment thesis

Devika combines design, engineering and venture expertise to help founders and organisations turn ideas into scalable technology products. Through its Devika Ventures and startup accelerator arm, it offers technical diligence, interim CTO services, network access, advisory and capital investment to founders. The firm emphasises building on a foundation of capable people and modern technology, always starting with the underlying problem, and has launched over 100 apps with a ventures portfolio exceeding $50M. Its ethos centres on positive impact for people, planet and prosperity while pushing boundaries.

Invests inAI & Machine LearningSaaSAustraliaGlobal

Source: firm website, verified Aug 2, 2026.

Stage
Pre-Seed–Series A
Check
$1.5M
HQ
Wollongong, NSW, AU
Instruments
Equity
Founded
2016
Tracked investments
1

Team · 6 people

from the firm's website
Ken Kencevski· Founder

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

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

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

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

David Tallant· Head of Growth

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 Operations

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.

Images

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