Decentralized social network Bluesky announced today that it has completed a $100 million Series B funding round, led by Bain Capital Crypto

Odaily News Decentralized social network Bluesky announced today that it has completed a $100 million Series B funding round. This round was led by Bain Capital Crypto, completed in April 2025, but had not been publicly disclosed until now.

Other investors participating in this round include existing backers Alumni Ventures and True Ventures, as well as Anthos Capital, Bloomberg Beta, and the Knight Foundation. Previously, Bluesky had completed a $15 million Series A round led by Blockchain Capital (expected to be completed in 2024), and in the preceding year secured an $8 million seed round from Neo and other angel investors. Bluesky did not disclose its latest valuation.

The new capital has been used to expand Bluesky's team size, while the company continues to develop the Bluesky application and its underlying technology, ATProto. This technology currently powers Atmosphere—a large, open social ecosystem containing approximately 20 billion public records (including posts, likes, comments, and other interactions), which supports a series of applications. (techcrunch)