Fenwick Represents Bluesky in $15M Series A Financing

Fenwick represented Bluesky, who is building a foundation for the social internet, in its $15 million Series A Financing. The round was led by Blockchain Capital with participation from Alumni Ventures, True Ventures, SevenX, Darkmode’s Amir Shevat, and Kubernetes co-creator Joe Beda.

Bluesky will use the funds to continue supporting and growing the Bluesky community, investing in Trust and Safety, and supporting the ATmosphere developer ecosystem. Additionally, they’ll begin developing a subscription model for features like higher quality video uploads or profile customizations. More information can be obtained from the company’s announcement.

The Fenwick transaction team was led by corporate partner Jordan Roberts and included associates Tracy Kennberg, Anja Kong, and Jazmin Perez.