#What recent funding has Bluesky received?
Bluesky has recently announced a significant $100 million Series B funding round led by Bain Capital Crypto. This funding round was finalized in April 2025, but the announcement comes now as the company undergoes a transition in leadership. Other participants in this funding round include Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and the Knight Foundation. This announcement follows Bluesky's previous fundraising efforts, which included a $15 million Series A in October 2024 and an $8 million seed round in 2023. With these rounds combined, Bluesky has raised approximately $123 million so far, although the current valuation has not been disclosed.
The announcement arrives shortly after the company revealed that Jay Graber would be stepping down as CEO to focus on her new role as chief innovation officer. Toni Schneider has been appointed as the interim CEO while the board seeks a permanent leadership replacement.
#How has Bluesky's user growth progressed?
Since securing its Series A funding, Bluesky has seen remarkable growth in its user base, increasing from 13 million to over 43 million users. This surge in users highlights the platform's growing popularity and potential within the social media landscape. Moreover, Bluesky has expanded its AT Protocol capabilities, allowing for a wider range of applications beyond its primary client. New products developed under this protocol include Skylight, Flashes, Surf, and Blacksky, demonstrating Bluesky's commitment to innovation and expansion within the tech space.
As an investor, understanding these developments can provide insights into Bluesky’s trajectory and the implications for future growth in the social media sector.