About Euphoric:

Euphoric builds AI-first employee benefits administration software for the world’s largest and most prestigious employers. Born out of Peppy Health — a fast-growing, category-defining Series B startup — we spun out in May 2025 to tackle a far bigger opportunity.

Global employers spend $3–5 trillion on benefits every year. It’s their second-largest cost after payroll — yet the entire category is still running on legacy systems and outdated assumptions. The space is primed for transformation: despite its scale, it’s been almost completely overlooked by AI-first startups. Incumbents — including one U.S. heavyweight with $2B+ in annual revenue — are constrained by archaic tech stacks and can’t move fast enough to innovate.

And this isn’t just a massive market — it’s genuine “tech for good.” Smarter benefits administration, richer analytics, and clearer communication have the power to directly improve the everyday lives, w...