Social platform reaches 40m users worldwide
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Social media platform Bluesky has announced that it has raised $100 million in a new investment round to accelerate the further development of its technology and network.
The Series B funding round was led by investor Bain Capital Crypto, with participation from, among others, Alumni Ventures, Bloomberg Beta and the Knight Foundation. Although the investment was completed in April 2025 but has only now been made public.
Bluesky plans to use the capital raised to expand its team and further develop its platform. The main focus is on scaling up the so‑called AT Protocol, an open technological system on which the social network is built.
Bluesky positions itself as an alternative to traditional social media such as X, with the company betting on a decentralised model. Instead of a single central platform, it aims to create an open ecosystem in which users have more control over their data.
The platform is growing rapidly and now has more than 40 million users worldwide. This growth is seen as a sign of increasing interest in new forms of social networks that are less dependent on big technology companies.
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