Bluesky Raises $100M in Series B Funding

Bluesky, the decentralized social network, has secured $100 million in Series B funding, a move that coincides with rapid user growth and a leadership transition as the platform positions itself for broader expansion.

The round, closed in April 2025 and disclosed this week, was led by Bain Capital Crypto, with participation from Alumni Ventures, Anthos Capital, Bloomberg Beta, Knight Foundation, and True Ventures. Bluesky has already deployed the capital to expand its team and scale infrastructure to meet rising demand. This follows a $15 million Series A round in October 2024 and an earlier $8 million seed investment. The funding supports development of the company's core technology, including enhancements to trust and safety features, product improvements, and network capacity.

Since the Series A, Bluesky's global user base has surged from 13 million to more than 43 million. The platform's ecosystem, built around the AT Protocol, has also expanded significantly, powering over 1,000 weekly active applications. Developers have downloaded software kits more than 400,000 times per month, and the network now hosts approximately 20 billion public records, including posts,...