Entertainment Startup Passionflix Raises $4.8 Million

Passionflix closed $4.8 million in seed financing.

Passionflix is a streaming service that turns people’s favorite romance novels into movies and TV series. It is available on smartphones, tablets, laptops and smart TV and costs $5.99 per month. The company says its goal is to release an original movie or series every two months.

Passionflix was founded by Tosca Musk, celebrity entrepreneur Elon Musk’s sister.