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money

Venture capital firms are raising a record amount in 2018 and are on pace to top $100 billion for the year, according to the latest report by the National Venture Capital Association and PitchBook.

Firms have closed 6,583 deals worth $84.3 billion in the nine months ended Sept. 30, a record amount of capital for the first nine months of a calendar year, the report said. By comparison, in all of 2017, 9,253 deals worth $82 million were closed.