PlayJam scores $5 million investment

Venture Beat reports.

PlayJam is known for producing games on Internet-connected TV platforms from Samsung, LG, Sony and Panasonic. The company says it has seen over six billion game downloads on those platforms alone.

Pocket Gamer reveals that there will be a predicted billion compatible devices by 2015, with mass consumer demand today demonstrated by connection rates of 75% in leading markets.

"TV occupies a unique place in the hearts and minds of over four billion people globally," said Jasper Smith, CEO of PlayJam.

"In terms of total media consumption, TV dominates, and its potential is unparalleled for games.”

PlayJam intends to use this first round of funding to increase growth in Asian and US markets, Inside Social Games notes.

The company also recently announced partnerships with social and casual game developers Slingo, Puzzler and Relentless Software (longtime developer on Sony Computer Entertainment's Buzz! franchise).