Decentralized social network Bluesky discloses $100 million Series B amid leadership change

Bluesky, initially backed by Jack Dorsey, has revealed a $100 million Series B funding round secured in April 2025, led by Bain Capital Crypto with participation from several other firms. The funding has been used to expand the team and scale infrastructure, coinciding with a surge in users from 13 million to over 43 million. This announcement comes alongside a leadership change, with founder Jay Graber stepping down as CEO to become chief innovation officer and Toni Schneider taking on the role of interim CEO. Bluesky’s decentralization is built on the AT Protocol, enabling interoperability, account portability, and algorithmic choice, fostering a growing ecosystem of over 1,000 apps and 20 billion public records.

(Source：The Block)