Editor’s note: Where can entrepreneurs go when they are seeking capital? Local Tech Wire features a profile of a venture capital or investment firm each business day. Matthew Burns, Worth Civils and Daniel Pearson compiled the series. The three founders of TeleKey, a prepaid long-distance calling card company, took an undisclosed portion of the money they made off the operation’s 1999 sale and started Seraphim Partners, which, as the name suggests, makes angel investments in technology companies. The firm focuses on wireless communications, network software and interactive media ventures.

Seraphim typically invests between $100,000 and $300,000 in each portfolio company and looks to provide entrepreneurs with counsel based on the three partners’ own experience. While TeleKey once was on the Inc. 500 fastest-growing companies list and ultimately achieved a successful end, it also underwent layoffs, survived a technology failure, bad budgeting and unrealistic sales projections and endured a tortuous due diligence period before its sale.

The firm concentrates its portfolio in the Atlanta area, including such companies as AuctionWorks, Fast-Talk Communications, RF Solutions, Servigistics, Silverpop Systems and Trade Ups.

Here’s the skinny:

Featured Firm: Seraphim Partners

Mailing address: 3340 Peachtree Road NE, Suite 2270, Atlanta, GA 30326

Phone number: (404) 262-2352

Web site: www.seraphimpartners.com

Management Team:

Sanford Levings
David McDaniel
Harold Solomon

Focus of firm: Focused on three technological areas: information technology, principally supporting digitally driven e-commerce business transaction processing such as Internet-based software, application software and network software technology enablers; wireless communications for the extension of the business enterprise and the Internet; and interactive media that leverages broadband communication networks.

Size of current fund: Not disclosed

Money under management: Not disclosed

Companies funded:

Blackfin, Inc.
Fast-Talk Communications, Inc.
ExchangeBlvd.com, LLC
iLumen, Inc.
iTendant, Inc.
ItsWholesale.com, Inc.
Medizeus, Inc.
Proficient Systems, Inc.
New Forum Publishers, Inc.
Outweb Genesis
RF Solutions, Inc.
Servigistics, Inc.
Silverpop Systems Inc.
Trade Ups, Inc.
Vadum Inc.

In what size range: $100,000 to $300,000

Sweet Spot (types of deals, stage of the company): Early-stage technology companies. Partners may invest outside of these areas, provided they can understand and effectively support the venture.

Most important attributes for companies seeking funding: Technology companies in and around the Atlanta area.

What differentiates you: In addition to funding, we provide a broad range of consulting services to our portfolio companies. We believe our most valuable asset is our broad entrepreneurial experience coupled with our unique, and diverse, skill sets. Simply put, we believe there is no substitute for broad experience.

Tuesday’s profile: Azalea

Note: Previous profiles can be found by going to Search, selecting Venture Watch category and setting date parameters between Feb. 1 and today.