This time last year, the world—much less venture capital—was grappling with an extraordinary amount of economic uncertainty, brought on by an unprecedented global health crisis. By now we know that the agrifood sector not only rebounded from the pandemic’s early disruptions, it outpaced expectations. In Europe, however, the pace of recovery was more measured. European agrifoodtech investing in 2020 ended the year slightly down from 2019, according to AgFunder’s latest Europe investment report, published in partnership with F&A Next. Agrifoodtech ventures raised $3.3 billion in 2020, down from $3.9 billion in 2019. AgFunder expects the total to end up closer to $3.8 billion once all 2020 deals come to light. Still, that represents a 2.6% decrease from 2019.