On March 20th, according to TechCrunch, decentralized social network Bluesky announced it has completed a $100 million Series B funding round, led by Bain Capital Crypto. Existing investors Alumni Ventures, True Ventures, as well as Anthos Capital, Bloomberg Beta, and the Knight Foundation also participated. This funding round was completed in April 2025 but was not previously disclosed. Bluesky has not revealed its latest valuation; its previous Series A funding round raised $15 million, led by Blockchain Capital. The funding announcement comes as Bluesky CEO Jay Graber announced her departure from the CEO role to transition to Chief Innovation Officer. Graber previously stated that although Bluesky does not involve cryptocurrency, its decentralized design was inspired by her earlier work at Zcash, aiming to evolve centralized social media into an open, distributed network.
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Decentralized Social Network Bluesky Secures $100 Million in Series B Funding Led by Bain Capital Crypto
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