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The exuberance of last year's  record D.C. region venture totals waned somewhat in the first three months of 2014, with 43 companies raising a collective $217.5 million, according to the MoneyTree report released Friday by PricewaterhouseCoopers and the National Venture Capital Association.

The total represents an 18 percent drop compared with the same period last year, and a 31 percent fall from the fourth quarter of 2013.