AngelList, a San Francisco, CA-based investment syndication platform, acquired Product Hunt, a platform to discover tech products.
The acquisition will enable AngelList to create a platform where tech companies can fundraise, recruit and launch.
AngelList’s platform, which features over 300K companies, is currently used by 5M people for transactions like fundraising and recruiting. With the addition of Product Hunt, the platform can now give companies with capabilities to acquire customers launching their products on Product Hunt.
Following the deal, whose amount was not disclosed, Product Hunt will remain independent. The SF-based company received $6.1m in Series A funding in 2014 from A-Grade Investments, Abdur Chowdhury, Alexis Ohanian, Andreessen Horowitz, Andrew Chen, Betaworks, Cowboy Ventures, CrunchFund, Greylock Discovery Fund, Ludlow Ventures, Naval Ravikant, Nir Eyal, Slow Ventures, SV Angel, and Tradecraft.
FinSMEs
01/12/2016