 | |
| Company type | Private |
|---|---|
| Industry | Freelance |
| Founded | 2010 |
| Founders | Taso Du Val Breanden Beneschott |
| Headquarters | United States  |
Area served | Worldwide |
Key people | Taso Du Val (CEO) |
| Website | www |
Toptal is a global remote company that provides a freelancing platform, connecting businesses with software engineers, designers, finance experts, product managers, and project managers. The company has no headquarters. [1]
Taso Du Val and Breanden Beneschott founded the company in 2010. Du Val was previously an engineer at Fotolog and Slide.com [2] [3] while Beneschott was an undergraduate at Princeton University. [4] The name stands for "top talent", and it was started as a virtual company with no dedicated offices. [5] [6]
Toptal had more than $1 million in revenue by the time Beneschott graduated from Princeton. [4] The co-founders moved to Budapest, Hungary to access software developers with fewer employment options than in the United States. [4]
The firm developed personality, language, and skills testing to remotely screen engineering candidates, and accepted the top 3% of several thousand monthly applicants. [2] [3] [7]
The firm matches business engagements with developers from its network and brokers the terms of each job. [3] In 2015, it expanded to include freelance design. [8] In 2016, it acquired the freelancer platform, Skillbridge, which offered freelance accountants, statisticians, and consultants in market research, financial modeling, and due diligence. [9] In 2017, the company launched a vertical specializing in software engineers and designers for the automotive industry. [10] It also launched a vertical for blockchain engineers in February 2018. [11]
Toptal accepted a $1.4 million seed round of financing from Andreessen Horowitz and angel investors including Quora founder Adam D'Angelo. [8] The company is said not to have raised additional funds since its seed round because it has been profitable. [8] In 2015 and 2016, Toptal's annual revenue was $80 million and $100 million respectively. [3] [4]
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