Bluesky has announced a $100 million Series B funding round led by Bain Capital Crypto, which closed in April 2025 but was only disclosed now, the week after CEO Jay Graber stepped down to become Chief Innovation Officer. The company has grown from 13 million to over 43 million users since its Series A, and its AT Protocol (atproto) ecosystem now hosts around 20 billion public records and sees over 400,000 monthly SDK downloads. The funds are being used to scale the team and continue development of the app and the underlying open social protocol.
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