Bluesky reveals $100 million Series B led by Bain Capital Crypto

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Bluesky, the decentralized social platform, revealed it raised $100 million in a Series B round back in April 2025.

Key points:

  • The round was led by Bain Capital Crypto, with support from Anthos Capital, Bloomberg Beta, Knight Foundation, Alumni Ventures, and True Ventures.
  • Since its Series A in October 2024, Bluesky’s user base has grown from 13 million to over 43 million, and its AT Protocol ecosystem has expanded.
  • The funding is being used to scale infrastructure and grow the team as the platform enters a new phase of leadership and growth.

What makes Bluesky different:

  • It’s built on the AT Protocol, which allows decentralized identity, social graphs, and content to work across multiple apps.
  • Users can move between apps without losing identity, followers, or data, giving them more control and portability than traditional social networks.

In short: Bluesky is scaling rapidly, backed by major investors, and pushing forward its vision of a decentralized, interoperable social web.