Bluesky Raises $100 Million in Series B Funding
Bluesky, a Seattle-based social media platform, has successfully raised $100 million in a Series B funding round. The round was led by Bain Capital Crypto and included participation from Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and the Knight Foundation. The funding round, which closed in April 2025, was only recently disclosed.
Transition in Leadership
This announcement comes shortly after a significant leadership change within the company. Jay Graber, the former CEO, recently stepped down to take on the role of chief innovation officer. Toni Schneider has stepped in as the interim CEO. This transition highlights Bluesky’s ongoing efforts to refine its strategic focus and drive further growth.
About Bluesky
Bluesky aims to redefine social media by providing a platform where users can find their community, express creativity, and enjoy engaging interactions. With over 43 million global users, the platform continues to expand its presence in the social media landscape. Bluesky utilizes the AT Protocol (ATProto), which allows various apps within its ecosystem to interoperate seamlessly.
Use of Funds
The newly acquired funds are expected to be used to enhance Bluesky's platform capabilities and user experience. Although specific plans have not been detailed, the funding is likely to support scaling operations, technology development, and potentially expanding the team to bolster its product offerings.
Investor Confidence
The involvement of Bain Capital Crypto and other notable investors underscores the confidence in Bluesky's vision and potential. Despite some concerns from users about the new crypto-oriented investment, Bluesky has not integrated cryptocurrencies into its platform as of yet.
Bluesky's latest funding round marks a significant milestone in its journey to offer a robust alternative to traditional social media platforms.