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Devika

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cares, business management, management, technology, education

Wollongong, AustraliaEst. 2016130devika.com
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Location
Wollongong, Australia
Founded
2016
Team size
130
Focus
Information Technology & Services

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About Devika

Devika is a leading Australian technology company headquartered in Wollongong, dedicated to partnering with organisations and founders to design, build, and scale impactful technology products. Established in 2016 by Ken Kencevski, the company has grown from its roots at the University of Wollongong into a trusted technology partner, extending its services across Australia and globally. Devika differentiates itself through a 100% onshore team and a collaborative, problem-first approach to innovation, ensuring close partnership and transparency throughout the development lifecycle.

The company operates across several key departments, including Devika Creations for design and development, Devika Design for branding and UX/UI, and Devika Ventures, its investment arm. Devika Ventures provides strategic capital, CTO services, and business advisory, with a particular focus on the education sector. It supports founders from pre-seed to Series A, offering capital, access to Devika's product, AI, and engineering leadership, as well as a robust network of operators and co-investors. This operator-led capital and hands-on support empower startups to navigate critical growth stages, from validation and MVP building to enterprise go-to-market strategies and fundraising.

Devika has a proven track record of significant achievements, having launched over 100 digital products, ranging from startup MVPs to enterprise platforms. The company boasts an impressive statistic: 75% of Devika-launched apps achieve a $5 million-plus valuation within 12 months. Their ventures portfolio currently holds a value exceeding $50 million. Furthermore, Devika has earned national recognition, including the prestigious AWS Generative AI Competency, a testament to its expertise in delivering advanced AI solutions.

Under the visionary leadership of founder Ken Kencevski, Devika fosters an ethos of continuous learning and purpose-driven innovation. Ken's philosophy emphasizes pushing boundaries and viewing challenges as opportunities for growth, which is deeply embedded in the company's culture. Devika's commitment to cutting-edge technology includes deep expertise in AI, serverless architectures, and its proprietary Baseline framework, providing a substantial technological advantage to the early-stage teams it supports. Their commitment to nurturing local talent is evident through internships and collaborations with the University of Wollongong.

Beyond its core services, Devika actively contributes to the technology ecosystem by hosting events and fostering discussions on key technology topics. The company's unique approach, combining technical excellence with strategic investment and a strong commitment to its regional base, positions it as a significant player in Australia's technology and startup landscape. Devika is not merely a developer but a holistic technology partner, dedicated to transforming innovative ideas into scalable, successful ventures.

Devika at a glance

Programme length
Flexible, ongoing support tailored to startup needs
Equity take
Varies with investment, up to $1.5M initial cheque
Cohort size
3-6 investments per year
Sectors
TechnologyAIEducationHospitality
Stages
Pre-seedSeedSeries A
Notable alumni
๐Ÿ’ณ
ClevaQ
A mobile-first B2B platform designed for the hospitality industry, enabling intelligent queuing, ordering, and payment solutions for venues such as cafes, clubs, bars, pubs, hotels, recreational centers, food courts, and stadiums.
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