Bluesky Closes $15M Series A Round, Set to Introduce Subscription Services
Bluesky, the decentralized social app, announced on Thursday that it has raised $15 million in a Series A funding round, following an $8 million seed round last year. This funding comes amid significant user growth, with around 3 million new users joining in just the past month, bringing the total user base to about 13 million. Many new users are migrating from X, attracted by concerns over recent changes to the block feature and the platform’s new policy allowing third parties to use users’ public posts for AI training. Initially incubated within Twitter, Bluesky was founded by former CEO Jack Dorsey to redefine the future of social media. Although Dorsey is no longer affiliated with the project, Bluesky continues to emphasize its decentralized approach through the open-source AT Protocol, allowing users to create their own social servers and apps while maintaining transparency in development.
In its blog announcement, Bluesky stated that the funding will support community growth, enhance Trust and Safety measures, and develop the ATmosphere developer ecosystem. The company plans to introduce a subscription model for premium features, such as higher-quality video uploads and customizable profiles. However, Bluesky has clarified that its paid tier will differ from X’s model, avoiding “pay to win” features that prioritize subscriber visibility. The Series A round was led by Blockchain Capital, with support from various venture firms, while Bluesky reassured users that it will not pivot towards blockchain or cryptocurrency, focusing instead on user experience.
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