Editor’s note: Local Tech Wire features a profile of an investment or venture capital firm each day. Matthew Burns, Daniel Pearson and Worth Civils compiled the series.

ACWORTH,Venture First Associates, which has done deals across the South and Mid-Atlantic regions, is currently dormant aside from managing previous investments and has no plans for new investments in the near future.

The Atlanta-area firm made later-stage investments in information technology and life sciences companies, including Texas-based wireless application service provider Terion, broadband chip developer NxtWave Communications of Pennsylvania and personal tracking device maker Micro-Trax of Florida.

Here’s the skinny:

Featured Firm: Venture First Associates

Mailing address: 4811 Thornwood Drive, Acworth, GA 30102

Phone number: (770) 928-3733

Web site: None

Management Team:

Brian Williams

Focus of firm: Makes equity investments in information industry and life science companies.

Size of current fund: $5 million

Companies funded over the last five years:

Goddard Technology
Med Images
NxtWave Communications

How many new deals do you expect to fund in 2002: None

In what size range: $1 million to $5 million

Sweet Spot (types of deals, stage of the company): Later-round funding around $2 million in information and life science companies in the South.

Most important attributes for companies seeking funding: Information industry and life science companies.

What differentiates you: Haven’t actively invested in several years.

Tuesday’s profile: Wachovia Capital Partners

Note: Previous profiles can be found by searching Venture Watch cagtegory between Feb. 1 and today.