Partnerships / Acquisitions

AngelList Acquires Product Hunt

AngelList, a startup that helps companies hook up with investors, announced Thursday (Dec. 1) it has acquired Product Hunt, the website that lets users discover new things in technology.

In a blog post, AngelList said that combined, the company will now be one place where tech companies can fundraise, recruit and launch technology products.

“AngelList exists to serve the tech companies that are shaping the world,” the company said in the blog post. “ Over 300K companies and 5M people use our network for transactions like fundraising and recruiting. They’ve raised nearly $500M and been introduced to over 325K candidates. With Product Hunt, we can help companies with their most important transaction: acquiring customers.”

AngelList said companies of all sizes launch products on Product Hunt, including Google, Uber, Instagram, AngelList, Meerkat and Overnight. What’s more, it said the companies that launch products on the platform receive more than 100 million product clicks and views from potential customers on the site.

“Product Hunt will remain independent. It will maintain its playful, empathic and curious attitude,” said AngelList. “In the following months, with their community’s input, they’ll introduce new integrations to help companies reach passionate customers.”

In August, Amazon teamed up with Product Hunt to allow customers to shop for items featured on Product Hunt as part of the Amazon Launchpad section of its online store. Product Hunt curates the hottest new apps, websites, technology and devices, and the Amazon collaboration aimed to offer items that have trended on Product Hunt for sale on Amazon Launchpad under the title “Featured on Product Hunt.”

“For an Amazon customer, it will be a new way to explore,” Product Hunt Founder and CEO Ryan Hoover told Fortune.

On its website, Product Hunt claims that it is “a place for product-loving enthusiasts to share and geek out about the latest mobile apps, websites, hardware projects and tech creations.” Founded in 2013, Product Hunt has recently begun to test out ways to generate revenue off its users.

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