Overview
- Bluesky revealed a previously undisclosed $100 million Series B that closed in April 2025, led by Bain Capital Crypto with Alumni Ventures, Anthos Capital, Bloomberg Beta, Knight Foundation and True Ventures participating.
- Founder Jay Graber has shifted from CEO to chief innovation officer, and former Automattic CEO Toni Schneider is serving as interim chief while the board seeks a permanent leader.
- Since its October 2024 Series A, the company reports growth from about 13 million to more than 43 million users, with the wider Atmosphere ecosystem totaling roughly 20 billion public records.
- Bluesky says it is using the new capital to expand headcount and continue developing both the Bluesky app and the underlying AT Protocol.
- Some users have expressed concern about a crypto-focused lead investor, yet Bluesky says the platform is not built on blockchain and has not integrated cryptocurrencies.