Toptal Acquires No-Code Network Company WeLoveNoCode

By Amit Chowdhry • Oct 21, 2023

Toptal – an exclusive network of the top freelance software developers, designers, finance experts, product managers, and project managers worldwide – has acquired the no-code network company WeLoveNoCode (WLNC). In an email sent to Pulse 2.0, WeLoveNoCode founder and Thiel Fellow Nik Shevchenko said that WeLoveNoCode raised $3 million before the acquisition.

“Our journey at WLNC has been eventful and tumultuous – as many startups endeavors are. Today, however, we’re excited to share that Toptal, the top platform for on-demand talent, has acquired us. This move paves the way for expansive growth in the no-code sector, backed by Toptal’s vast resources,” wrote Shevchenko in a LinkedIn post. “Why Toptal? Their scale and success will enable our growth, making them an ideal partner for realizing our vision. Our customers will transition smoothly to Toptal’s platform, ensuring continuous access to trusted services. Our experts will soon have the chance to join Toptal’s network.”

Some WLNC team members will join Toptal, and others will pursue new paths. Shevchenko plans to start a new company in different avenues like VR/AR, robotics, etc.

Toptal was founded by Taso Du Val and Breanden Beneschott in 2010. The company was doing about $1 million of revenue per year by the time Beneschott graduated from Princeton and then nearly six years later, the company was doing over $100 million in annual revenue. While Beneschott was at Princeton, he learned software development and worked on freelancer projects to pay for tuition. The challenges of finding freelancer work and hiring other freelancers helped inspire the creation of Toptal.

Shevchenko said that Toptal was a good fit since their scale and success will enable WLNC’s growth, making them an ideal partner for realizing the company’s vision. And Shevchenko pointed out that WLNC’s customers will transition smoothly to Toptal’s platform.