Summary List PlacementUS venture firms filled their coffers at record levels in 2020, but new funds fell behind in raising cash, according to the National Venture Capital Association. Last year, venture funds closed $74.5 billion in funding, a 30% increase from 2019, the NVCA said in a tweet on Monday. The tweet referenced data from the association's 2021 yearbook, published in partnership with PitchBook. The record sum went to a smaller number of funds than in the previous year, however. In 2020, 339 funds raised capital, versus 527 in 2019.