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# Why Knight Foundation Invested in Bluesky
- URL: https://werd.io/why-knight-foundation-invested-in-bluesky/
- Published: 2026-03-27T13:06:20.000Z
- Updated: 2026-03-27T13:06:20.000Z
- Description: Newsrooms have been slow to care about the open social web - but one of their most important support organizations is paying attention.
- Author: Ben Werdmuller
- Tags: Media, Notable links

\[[John Sands at The Knight Foundation](https://knightfoundation.org/articles/why-did-knight-foundation-invest-in-bluesky/)\]

This was exciting news at the exact intersection I’m interested in:

> “Last year, Knight Foundation joined in a $100 million Series B funding round for the social media company Bluesky.”

The funding round was led by Bain Capital Crypto. What strange bedfellows: the crypto investment arm of a famous global investment firm, and a national private foundation dedicated to fostering informed, equitable, and engaged communities. But Bluesky lives at that intersection; fostering better communities in a pro-social way while building an open platform that could potentially build a lot of value.

What’s most exciting to me is that Knight cares about the open social web at all. I think it’s vying for the most important technical development for newsrooms: the most promising way for them to build first-party connections with their audiences, subscribers, and communities. Most of the newsrooms *themselves* don’t seem to care all that much, to be frank, but it’s good to see that one of the most important support organizations is paying attention. Hopefully that can be a signal for others to tune in.

\[[Link](https://knightfoundation.org/articles/why-did-knight-foundation-invest-in-bluesky/)\]