Editor’s note: Local Tech Wire features a venture capital or investment firm each business day. Matthew Burns, Worth Civils and Daniel Pearson compiled the series. Founded two years ago by Atlanta technology veteran Mike McChesney, Five Paces Ventures focuses its investment activity on Internet infrastructure and networking start-ups, believing that more applications will be needed to integrate and automate business processes.

The firm seeks companies with products and services that enable networks to be integrated more efficiently and become more secure, faster, cheaper and more reliable or tools and applications that allow businesses to operate in new ways.

Five Paces has $75 million under management and looks to get involved in companies early, either at the seed stage or first funding round. It tries to leverage its knowledge of Internet infrastructure (McChesney has founded security software, Internet banking and customer service software firms) to find investors, managers and business partners that will benefit its portfolio companies.

The firm’s portfolio includes McChesney’s own WebTone Technologies, Zap Media, VCG and Link2Gov. Although focused on the Southeast, Five Paces also has backed firms from Boston and Washington, D.C.

Here’s the skinny:

Featured Firm: Five Paces Ventures, LP

Mailing address: 3390 Peachtree Road, Suite 201, Atlanta, GA 30326

Phone number: (404) 439-8212

Web site: www.fivepaces.com

Management Team:

Michael C. McChesney, partner
Mark G. Mykityshyn, partner
D. Alan Quarterman, partner

Focus of firm: Early-stage technology companies focused on Internet infrastructure and networking.

Money under management: $75 million

Companies funded:

Server Vault
VCG, Inc.
WebTone Technologies
Zap Media

In what size range: Undetermined

Sweet Spot (types of deals, stage of the company): About half of all investment are made in synergistic companies that are working to supply markets with next generation network infrastructure applications.

Most important attributes for companies seeking funding: Enterprise must be in its earliest form, and working toward developing innovative products and services that contribute to the development or networks that are more secure, faster, more affordable and reliable.

What differentiates you: Management works with entrepreneurs, sometimes prior to the concept for a new company has been drafted, and continues to remain active shareholders as the company grows.

Tuesday’s profile: Kinetic

Previous profiles can be found by searching under Venture Watch. The list, by date:

Feb. 11: Academy Venture Funds
Feb. 12: Atlantic Group
Feb. 13: Aurora Fund
Feb. 14: Capital Investment Partners
Feb. 15: Carolina Financial Group
Feb. 18: Carousel Capital
Feb. 19: Catalysta Partners
Feb. 20: Charlotte Angel
Feb. 21: Draper Atlantic
Feb. 22: Eno River
Feb. 25: Halifax Group
Feb. 26: Intersouth Partners
Feb. 27: Kitty Hawk Capital
Feb. 28: NC Enterprise Corp.

March 1: NC Technological Development Authority
March 4: Oberlin Capital
March 5: A.M. Pappas
March 6: Piedmont
March 7: RBC Centura
March 8: Redleaf Group
March 11: Remington Capital
March 12: River Cities
March 13: Research Triangle Ventures
March 14: Southeast Interactive
March 15: Tri-State Investment Group
March 18: Trelys
March 19: truePilot
March 20: Wakefield Group
March 21: Frontier Capital
March 22: Southern Capitol Ventures
March 25: Alliance
March 26: Armada
March 27: Cordova Ventures
March 28: Craven, Green & Wahlen
March 29: Intelligent Systems