alarm:clock

Wireless - Monday, March 24, 2008

Israeli Zoolander Handset Maker Modu Raises $100M

modu.png
We get ribbed a fair amount for the smallness of our cell phone. We keep it on hand because we don't like sitting all day on a large piece of metal and glass. And if you have ever seen the Ben Stiller movie Zoolander you know that tiny phones are sheik.

We like the idea behind Israel's Modu, a handset maker that has created a catalog of phones that let you go out at night with a smallish phone but slap on a additional component so that you can get and receive email and surf the Web by day. Modu seems to have hired a gang of product designers to build an infinate number of skins or shells that you insert your core phone into. The company plans to sell the shells for cheap so that you can give them to mates or go through them as fashion statements.

Modu has just closed a $100M round of funding to take its products to market according to Globes, at a Pre-money $150M valuation. Modu was founded eighteen months ago by Dov Moran, who founded msystems which he sold to SanDisk for $1.6B (he's now moran). Modu has raised $20M from Genesis Partners, Gemini Israel Funds, SanDisk and from Moran.

Modu announced it had signed a collaboration agreement with Universal Music Group (UMG) for the development of specialized jackets.

modu grab.png
modugrab2.png
modugrab3.png
modu grab4.png
modugrab5.png
mudugrab6.png


Read - Globes

Post a comment




Remember Me?


More Recent Articles

ThumbTech:stocker - Some Fourth of July Fireworks With Washington Mutual

Thursday July 3, 2008

Remember everything we said yesterday about investing in "stable staples" of consumers and small and micro caps that are less volatile? Just forget all of it as we discuss Washington Mutual (WM:NYSE), a stock that looks worse than the fools who stepped in the ring Mike Tyson's during his early fights (you can also add Evander Holyfield and his chewed up ear to the comparison). And yet, we couldn't find a better stock to provide a bigger bang after the Fourth of July and beyond. Some people might think that the folks at tech:stocker have already started celebrating the 4th by recommending a stock that has dropped 38 points since its 52 week high to give it approximately an 88% loss in value for that timeframe. Considering most people would never buy a house again if their current one dropped 88% in value, it's no surprise people have been avoiding this stock as if it got 8 miles to the gallon and looked extremely foolish on today's highways. The reality is Washington Mutual (Wamu) is nowhere near as unwanted as a Hummer and should rebound over the next 24 months. The Hummer on the other hand will continue to...

ThumbTopTenREVIEWS Raises $6M

Thursday July 3, 2008

Utah's TopTenREVIEWS has raised $6M in a venture round from Highway 12 Ventures and Village Ventures. TopTenREVIEWS said the funding will use the funding to expand its online review site, and increase its workforce. TopTenREVIEWS runs an online product and price comparison shopping web site, under the guise of objective reviews of products ranging from video games to anti-virus software. The startup says it plans to boost its headcount by 100 thanks to the investment. TopTenREVIEWS was founded by Jerry Ropelato who was COO of ContentWatch. He launched the company as a resource for parents and as it took-off he branched off into other items to review. The company makes a living through advertising. View - site...

Listen to alarm:clock

alarm:clock © 2004-2008