According to a survey by Keple, domestic startup funding rose by 38% year-on-year to 52.8 billion yen (357 million USD) in May across 166 deals. This marked the second consecutive month of year-on-year growth. Much of the boost came from large investments in intellectual property and decarbonization.

Blockchain technology company Gauidy raised 10 billion yen from Sony Group and Bandai Namco Holdings - the largest deal that month.