Bluesky Secures $100M Series B Funding After CEO Transition, Fueling Decentralized Social Media Expansion

Bluesky has announced a $100 million Series B funding round shortly following a significant CEO transition.

The round, closed in April 2025 and led by Bain Capital Crypto, includes investors like Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and Knight Foundation.

Leadership Shift for Commercial Growth

Outgoing CEO Jay Graber has transitioned to Chief Innovation Officer to focus on product building.

A new CEO will steer Bluesky toward greater commercial achievements amid its rapid ascent.

Explosive User and Network Expansion

Bluesky boasts over 43 million global users, up from 13 million since its Series A round.

The atproto-powered Atmosphere network now holds around 20 billion public records of interactions.

Funding History and Decentralized Roots

Previous funding included a $15 million Series A in 2024 and an $8 million seed round in 2023.

Drawing inspiration from Zcash without crypto integration, Bluesky pioneers open social protocols via atproto.

Roadmap for Ecosystem Dominance

New capital will expand the team, enhance the app, and advance atproto development.

Developer engagement surges with 400,000 monthly SDK downloads and over 1,000 weekly app uses.

Notable apps include video platform Skylight, Instagram rival Flashes, Flipboard's Surf, and Blacksky community.

This infusion positions Bluesky to transform centralized social media into a distributed, interoperable future.