Decentralized social platform Bluesky has disclosed that it had raised $100 million in a Sequence B spherical again in April 2025.
Abstract
- Bluesky disclosed a beforehand unannounced $100 million Sequence B spherical led by Bain Capital Crypto, with backing from a number of enterprise and institutional traders.
- The platform has grown its consumer base from 13 million to over 43 million since its Sequence A, alongside enlargement of its AT Protocol ecosystem.
In keeping with the official announcement, the spherical was led by Bain Capital Crypto, whereas different notable traders embrace Anthos Capital, Bloomberg Beta, Knight Basis, Alumni Ventures, and True Ventures.
Bluesky stated it had already began utilizing the capital to broaden its crew and scale its infrastructure because it enters a brand new part of management and progress.
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“This new funding provides us the muse upon which to construct the way forward for the open social internet with out compromising our mission and values,” it added.
As lined beforehand, the social media platform raised funding in October 2024 in a Sequence A spherical, the place it secured $15 million from lead traders comparable to Blockchain Capital.
Since then, the corporate has reportedly witnessed a surge in its consumer base from 13 million to over 43 million globally, whereas its broader ecosystem of builders, apps, and customers constructing on the AT Protocol has additionally expanded, per the announcement.
A decentralized social community
Bluesky positions itself as a decentralized social community constructed on the AT Protocol, which standardizes how id, social graphs, and content material are structured throughout purposes.
In contrast to conventional social platforms managed by a single firm, the protocol allows a number of apps and companies to interoperate inside the similar community.
In keeping with the corporate, the design permits customers to maneuver between companies with out dropping their id, followers, or knowledge, providing better portability and management over their social presence.
Learn extra: Dorsey-incubated Bluesky opposes token launch following $15m Sequence A funding spherical
