TOKYO -- Japanese banks are moving to supply more capital to late-stage startups before they go public, looking to address a dearth of funding at this phase that tends to stymie growth and may contribute to Japan's lack of unicorns.
Sumitomo Mitsui Trust to provide $350m to help fill financing gap leading into IPOs

Sumitomo Mitsui Trust will provide funding to late-stage startups with firmly established business models. (Photo by Kaisuke Ohta)
TOKYO -- Japanese banks are moving to supply more capital to late-stage startups before they go public, looking to address a dearth of funding at this phase that tends to stymie growth and may contribute to Japan's lack of unicorns.