U.S. venture funds raised $29.8 billion last yr, most since 2007

U.S. venture capital firms raised $5.6 billion last quarter and $29.8 billion for the year, making 2014 the richest year for venture fundraising since 2007, the National Venture Capital Association said.

A handful of large funds, including Andreessen Horowitz’s $1.5 billion fund announced in the first quarter, helped bump the total up almost 70 percent over the previous year’s total of $17.7 billion.

Read more