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Scott Voss of HarbourVest Partners, said venture industry returns in the past 12 to 24 months ‘have been some of the best venture-backed deals ever done.’ RAMIN TALAIE/BLOOMBERG

The money raised by venture-capital firms hit $32.97 billion in 2014, a 62% increase over 2013 and the highest total since 2007, as investors seek to take advantage of a hot market for startup funding and initial public offerings.

Image: Scott Voss of HarbourVest Partners, said venture industry returns in the past 12 to 24 months ‘have been some of the best venture-backed deals ever done.’ RAMIN TALAIE/BLOOMBERG