Mini-mobile developer Modu gets USD100m funding

Israeli mobile device startup Modu is receiving USD100m in funding from undisclosed sources, according to local newspaper The Globes. The company claims to have previously raised USD20m in funding. Modu develops miniature mobile phones that have a modular design, allowing them to be inserted into USB connector jackets in other devices such as MP3 players, car stereos, digital cameras or larger phones. The devices are intended to interact in a similar manner to Flash memory sticks, with a unique memory technology that can interface with any digital media device and allow all forms of data to be transferred. No information was provided as to how the funding will be spent.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast;

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