Bluesky Announces $100m Series B After Ceo Transition

Social web Bluesky is gearing up for large changes pinch today’s news that nan institution raised $100 cardinal successful Series B funding. The round, led by Bain Capital Crypto, was closed successful April 2025 but had not been disclosed until now.

Others that participated successful nan information see existing investors Alumni Ventures and True Ventures, positive Anthos Capital, Bloomberg Beta, and Knight Foundation. This information follows Bluesky’s $15 cardinal Series A, led by Blockchain Capital, closed successful 2024, and its $8 cardinal seed round from Neo and different angel investors nan twelvemonth prior. Bluesky did not disclose its updated valuation.

The backing news has been strategically shared nan week aft Bluesky CEO Jay Graber announced she was stepping down from nan lead domiciled and transitioning to go Chief Innovation Officer. The move had signaled some Graber’s desire to return to building arsenic good arsenic nan request for nan institution to prosecute a main executive who could thrust Bluesky guardant to commercialized success.

Since its Series A, Bluesky has seen accelerated maturation from 13 cardinal to, now, complete 43 cardinal world users. Its ecosystem of apps that activity connected nan AT protocol (also known arsenic atproto) and interoperate pinch 1 different has besides grown, from startups for illustration nan video app Skylight aliases Instagram replacement Flashes to larger companies for illustration Flipboard, which has been building an unfastened societal app, Surf. New communities person besides sprung up, for illustration Blacksky, which supports Black societal media users.

The summation of different crypto-oriented VC patient whitethorn springiness immoderate Bluesky users pause, however, particularly since, truthful far, nan institution has not integrated cryptocurrencies into its offering. Bluesky isn’t built connected blockchain technology, either. Still, erstwhile CEO Graber’s earlier activity pinch nan cryptocurrency Zcash helped animate nan societal network’s decentralized design, which has appealed to investors successful nan crypto space.

As Graber erstwhile told Wired successful an interview, “the word Web3 sewage very associated pinch cryptocurrency, truthful it’s not a bully connection to usage for what we’re doing. But if you deliberation astir Web3 arsenic evolving nan societal Web 2.0, that benignant of is what we’re doing. We’re evolving societal media that was based successful centralized companies into thing that is unfastened and distributed,” she said past spring.

The further costs person been utilized to standard Bluesky’s team, while nan institution continues to create Bluesky’s app and nan underlying atproto that powers it. This exertion now powers a scope of apps successful nan larger unfastened societal ecosystem known arsenic nan Atmosphere — a web that now contains astir 20 cardinal nationalist records, including posts, likes, comments, and different interactions, nan institution said connected Thursday.

In addition, nan number of developers building connected atproto is growing, arsenic evidenced by nan complete 400,000 downloads of developer devices (SDK) seen each month. Plus, Bluesky says that group usage complete a 1000 apps built connected atproto each week.