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Product Hunt acquired by AngelList for around $20 million

The Next Web Thursday, 1 December 2016 ()
Product Hunt acquired by AngelList for around $20 millionProduct Hunt, the popular web resource for finding new apps and products, has been acquired by startup platform Angel List.Product Hunt founder Ryan Hoover described the merger as “peanut butter and jelly” in a blog post. While AngelList focuses on fundraising and recruiting, Product Hunt helps get the word out to the world; it seems like a logical tier to add. It’s a company that’s helped launched tools and apps from individual developers to the likes of Google and Instagram. The purchase came in at around $20 million, according to Recode. AngelList is quick to clarify that Product Hunt will remain…

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Source: Bloomberg Global Business - < > Embed

News video: Product Hunt Founder: Why We Sold to AngelList

Product Hunt Founder: Why We Sold to AngelList 03:45

Dec.01 -- Ryan Hoover, Product Hunt founder, discusses the company's combination with AngelList and the future of tech startup funding. He speaks with Bloomberg's Emily Chang and Sarah McBride on "Bloomberg Technology."

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