Bluesky has secured a $100 million Series B round led by Bain Capital Crypto, closed in April 2025. The raise follows a $15 million Series A and an $8 million seed round, bringing total funding to $123 million.
The announcement comes as Jay Graber steps down as CEO to become chief innovation officer. Toni Schneider assumes the role of interim CEO during the search for a permanent leader. Since its Series A, Bluesky's user base has grown from 13 million to over 43 million. Additionally, the AT Protocol now supports a growing network of apps, including Skylight and Flashes.