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2014 was a huge year for venture capital — actually, it was its biggest since 2000.

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More specifically, venture capitalist invested $48.3 billion into 4,356 deals last year, a 61 percent increase in dollars and a 4 percent increase in the number of deals from 2013, according to latest MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association based on data from Thomson Reuters. This was also the first year in the report’s history during which two deals exceeded $1 billion each.