Bluesky disclosed that it raised $100 million in a Series B round that closed in April 2025, according to the company’s official announcement. The financing was led by Bain Capital Crypto, with participation from Alumni Ventures, True Ventures, Anthos Capital, Bloomberg Beta, and the Knight Foundation. Bluesky previously said the funding would support team expansion and continued development of the Bluesky app and ATProto. Existing topic details also indicate that Jay Graber moved from CEO to chief innovation officer and that Bluesky’s user base surpassed 43 million.