Bluesky Decentralized Social Platform Discloses Past $100M Series B Raise

The raise was completed in April 2025, but is being disclosed now as the company gets a new CEO.

Bluesky now confirms it raised $100M in Series B funding last April. The raise disclosure comes as the decentralized social media platform moves, “into a new era of leadership and further growth.”

What’s the Scoop?

• Latest Raise: According to a press release, Bluesky raised $100M in April 2025 from a Series B round led by Bain Capital Crypto, with participation from Alumni Ventures, Anthos Capital, Bloomberg Beta, Knight Foundation and True Ventures.
• New Goals: According to Bluesky, “This new funding gives us the foundation upon which to build the future of the open social web without compromising our mission and values.”
• User Growth: Since Bluesky announced its $15m Series A in October 2024, the social network has grown from 13M to 43M global users. Every week, people use “thousands” of apps built on Bluesky’s AT Protocol – an open source toolbox for building social apps that can all talk to each other.

Bluesky’s 2025 $100M Series B Lays Foundation for Open Social Web – BlueskyIn April 2025, Bluesky raised $100 million in Series B funding led by Bain Capital Crypto. Since our Series A, we’ve grown from 13 million to over 43 million global users.Bluesky

Information compiled from materials : www.bankless.com