African startups struggle to access consistent, deep funding beyond mega-deals

African technology companies face a fragmented funding market where capital is concentrated in a few massive rounds, leaving the majority of startups unable to secure growth capital. Founders report difficulty accessing Series A/B funding at reasonable valuations, with most available capital flowing to one or two unicorn-track companies per month, while hundreds of viable startups remain underfunded. Current venture capital infrastructure in Africa lacks the depth of mid-market investors and follow-on funding mechanisms that exist in mature markets.