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 - Bluesky
In 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.
Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
