Since the inception of Devika we have supported technology-focused companies and founders. With Devika’s growth, this support has evolved into its own branch known as Devika Ventures.
Ken Kencevski, Devika Founder and Managing Director, has a passion for technology and its ability to complement emerging businesses. This passion is shared with our Devika Venture’s Co-founder Alexander Bechelli who has extensive experience in venture capital, commercialization, forming strategic partnerships and was previously a Director at an Australian based Venture Capital Firm.
Despite their different business backgrounds, Ken and Alex share a deep interest in commercialising startups which have been initiated by passionate entrepreneurs. Ken and Alex aspire to assist these individuals through Ventures in order to facilitate the development of successful, scalable and enduring businesses. With their long history together, both professionally and personally, Ken and Alex are working towards this same vision as they continue to build on the substantial growth and momentum at Devika.
Alex has a wealth of experience in professional collaborations, an extensive international network throughout USA and Asia, and a passion for investing in projects that impact positively on the wider community. We are very excited for him to be working with Ken so that together they can better support technology-focused companies in a variety of meaningful ways. This includes applying Devika Ventures' investment philosophy internationally, to focus on US growth opportunities and assist North American based companies to scale into Australian and Asian markets.
Devika Ventures begun with a focus on local start-ups and has grown to include a variety of disciplines which include entertainment, hospitality, healthcare, transport, finance, and education. The service has also expanded internationally and been able to provide our company with partnerships from all around the world including Australia, America, Canada, Singapore, and Malaysia. Together, Ken and Alex have supported multiple exciting companies from these diverse geogrpahic regions such as HOP HERTZ, Eato, ClevaQ, Monarc, and Shyft, to mention a few.
Their interest of using technology for Ventures is not limited to web and mobile applications but extends to more progressive technology such as augemented reality (AR) and virtual reality (VR). Devika Ventures has been excited to develop an augmented reality application for Westpac, with the Microsoft Hololnes, in order to visualise what the future of banking will be like with holograms.
The Ventures program has also supported Xperience Accelerator, in association with Collective Campus and Village Road Show, in regard to an accelerator program. AR and VR were used to support and provide entrepreneurs/startups with the tools to help them succeed. Devika Ventures is also fostering the commercialization of an internal product called Kolb, which is a VR application designed to deliver educational content from the Australian curriculum through experiential learning.
Now based in Los Angeles California, Devika Ventures’ global footprint will continue to grow as Devika begins to bring new, exciting companies into the Australian market as well as assist Australian entrepreneurs as they take their products overseas. Alex’s network has also brought US Growth-Tech deals to Devika Ventures such as SpaceX, Hyperloop, and Memphis Meats, allowing Australian and Asian investors to participate in USA private opportunities.
From the beginning, Devika has acquired shares in its startups in order to provide a comprehensive technical perspective. We have had the goal to improve the startup’s individual ecosystem and increase the future opportunities for these companies.
Devika Ventures is always open to hearing about innovative, valuable projects and ideas which we could invest in. If you believe that this could be you please contact ventures