According to a report issued by Thomson Reuters and the National Venture Capital Association, U.S. venture firms raised $5.6 billion from 75 funds during the fourth quarter of 2014. This figure marked an increase of 14 percent versus the number of funds raised during the the third quarter of 2014. Yet it was a nine percent decrease by dollar commitments. However, for the entire year of 2014, venture firms racked up $29.8 billion from 254 funds, a 69 percent increase by dollar commitments as opposed to 2013. This was the strongest annual period for fundraising dollars since 2007. To read the release about the report, visit here.