Who owns Bluesky?
The curious mystery of the Bluesky Series B funding round.
Did it happen?
If you look at pitchbook (https://pitchbook.com/profiles/company/484831-81) it seems Bluesky closed a whopping $97 million funding round resulting in a $700M valuation in January 2025. VCpedia lists Greylock, alumni ventures and Skyseed as participants (https://vcpedia.com/rounds/5195).
The interesting thing is there are no press releases or other media coverage confirming this financing.
Read on...
1/2
Other resources like Cruchbase (https://www.crunchbase.com/organization/bluesky-514d) and Cbinsights (https://www.cbinsights.com/company/bluesky-8/financials) don't include a Series B round and have total invested capital at $23M ($8M seed and $15M series A).
A Business Insider article on January 7, 2025 reports Bluesky was close to closing another round lead by Bain Capital (https://www.businessinsider.com/x-competitor-bluesky-valuation-new-funding-round-2025-1?op=1), but there was never any follow up.
So how much money has been invested in Bluesky, and by whom?
It remains a mystery.
2/2
