Bluesky Raises $100M to Scale Open Social Network and AT Protocol Ecosystem

TLDR

• Bluesky secures $100M to boost its decentralized social network expansion.
• Global users jump from 13M to 43M, fueling Bluesky’s ecosystem growth.
• Over 1,000 apps now active weekly on Bluesky’s AT Protocol network.
• Leadership shifts: Jay Graber focuses on innovation, Toni Schneider leads ops.
• Bluesky strengthens infrastructure to support billions of public records globally.

Bluesky has disclosed a previously unannounced $100 million Series B round to accelerate its decentralized social network strategy. The funding supports rapid user growth and infrastructure expansion across its open social ecosystem. Bluesky now enters a new leadership phase while scaling its AT Protocol and developer network.

Bluesky Secures $100M to Expand Open Social Infrastructure

Bluesky confirmed it raised $100 million in Series B funding in April 2025. The round was led by Bain Capital Crypto with participation from several venture firms. These include Alumni Ventures, Anthos Capital, Bloomberg Beta, Knight Foundation, and True Ventures.

The company deployed the capital over the past year to grow its workforce and systems. As a result, Bluesky strengthened its infrastructure to support rising global demand. The funding also supports long-term development of its decentralized network architecture.

Bluesky continues to position itself as a scalable alternative to traditional social platforms. Its ecosystem includes developers, applications, and users building on shared infrastructure. This structure allows Bluesky to expand without relying on centralized control models.

Bluesky User Growth and Ecosystem Expansion Accelerate

Bluesky reported strong user growth following its earlier funding round in October 2024. Its global user base increased from 13 million to over 43 million within months. This growth reflects rising adoption of decentralized social platforms and open identity systems.

At the same time, Bluesky expanded its broader “Atmosphere” ecosystem across multiple layers. The network now supports over 1,000 active applications built on its protocol each week. Monthly software development kit downloads exceed 400,000, signaling continued developer engagement.

The platform also hosts around 20 billion public records across its network. These include posts, interactions, and social connections created by users. Consequently, Bluesky has built a large and active data layer supporting its decentralized structure.

Bluesky Leadership Shift Aligns With Long-Term Strategy

Bluesky recently implemented leadership changes to support its next phase of development. Founder Jay Graber transitioned to chief innovation officer to focus on protocol design. This move allows Bluesky to prioritize technical advancement of its core infrastructure.

Toni Schneider assumed the role of interim chief executive. He will oversee operations as Bluesky searches for a permanent CEO. The transition aligns leadership roles with ongoing growth and product development goals.

Bluesky originated as a project initiated by Jack Dorsey in 2019 during his tenure at Twitter. The company became independent in 2021 and later separated fully from Twitter in 2022. Since then, Bluesky has focused on building an open and interoperable social network model.

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