US EditionBluesky Discloses $100M Series B Round Raised Last Year
Bluesky raised $100 million in April 2025 to expand its decentralized social ecosystem and developer tools amid a leadership shift to focus on commercial growth.
- On Thursday, Bluesky disclosed a $100 million Series B led by Bain Capital Crypto that closed in April 2025 but was only revealed now.
- Following the leadership change, Jay Graber, founder and now Chief Innovation Officer, focuses on building the AT Protocol while Toni Schneider serves as interim CEO during a permanent search.
- Since its Series A, Bluesky's user base grew from 13 million to over 43 million, while the company scaled staff and developed the app and AT Protocol powering Atmosphere with around 20 billion records and over 400,000 SDK downloads monthly.
- The lead investor's profile may give some Bluesky users pause as Bain Capital Crypto led the round, though Bluesky's updated valuation remains undisclosed and investors frame this as a bet on scale.
- Looking at the market, observers note that Bluesky's decentralized design, inspired by Graber's work with Zcash, may face challenges against X's dominance.
16 Articles
16 Articles
Bluesky raises $100M Series B as new CEO takes charge
Ten days after founder Jay Graber stepped aside as CEO, the decentralised social platform has disclosed a $100 million Series B led by Bain Capital Crypto, a round that closed last April but was never announced. The timing tells its own story. There is a quiet irony in the fact that the person who built […] This story continues at The Next Web
Perhaps Bluesky’s Revelation of an 11-Month Ago $100 Million Investment Was, in Fact, an Act of Transparency
Regarding my earlier post expressing confusion/discomfort with Bluesky announcing a $100 million funding round almost an entire year after it closed, I had an interesting back-and-forth with Adam Vartanian on Bluesky (natch), where he wrote: If you see press reports that says a company "has raised" some money but no date on when the round closed, it probably happened some time in the past. Bluesky is actually unusual in disclosing a date that's …
Bluesky discloses $100 million Series B as user growth tops 43 million
Bluesky disclosed a $100 million Series B led by Bain Capital Crypto as its user base topped 43 million amid a leadership transition. The post Bluesky discloses $100 million Series B as user growth tops 43 million appeared first on Crypto Briefing.
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