VCs Raised More Money in 2014 Than Any Year Since 2007 (And Andreessen Horowitz Is the Winner)

Flush with billions of freshly raised dollars, American venture capital firms are ready to invest in loads of shiny, new startup toys heading into 2015.

VCs raised $29.8 billion from 254 funds in 2014, the biggest annual fundraising haul for venture capitalists since 2007, according to a new report from by Thomson Reuters and the National Venture Capital Association.

Some other numbers from the report:

• The 2014 figures show a 69 percent increase in funds raised from 2013 totals.
• 96 new venture capital firms raised a total of $3 billion in 2014, 76 percent more than what new firms raised in 2013.
• Andreessen Horowitz raised the most money over the course of the year, grabbing $1.7 billion in total.

Funny thing about that last number: In September of last year, Marc Andreessen himself tweeted that tech companies should “worry” about their burn rates and the market’s inevitable downturn. Doesn’t seem to have stopped him from taking on new investors.

You can read the full report here.

This article originally appeared on Recode.net.

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