AngelList has acquired Product Hunt. The transaction was valued at around $20 million, according to sources cited in Recode.
AngelList, which helps investors find startups, will reportedly let Product Hunt continue to operate separately as a platform for discovering new products.
While popular, Product Hunt has struggled to monetize, something it hopes to do under the AngelList umbrella.
Given that investors use Product Hunt to keep an eye on trending products and entrepreneurs use the service to spread word of their inventions, the synergy between the two companies is obvious.