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Bluesky discloses $100 million Series B as user growth tops 43 million

Crypto Briefing
Bluesky secured a $100 million Series B funding round led by Bain Capital Crypto, coinciding with user growth exceeding 43 million.

Summary

Bluesky revealed it closed a previously unannounced $100 million Series B funding round in April 2025, led by Bain Capital Crypto, with participation from investors including Alumni Ventures and True Ventures. This brings the total disclosed funding to approximately $123 million, following earlier seed and Series A rounds. The disclosure comes shortly after CEO Jay Graber announced her transition to chief innovation officer, with Toni Schneider serving as interim CEO. During this period, Bluesky's user base has significantly increased from 13 million after its Series A to over 43 million, and its underlying AT Protocol now supports various external applications.

(Source:Crypto Briefing)