Handset maker Modu rakes in $100M

According to a report in Israeli business publication Globes, wireless start-up Modu has raised $100 million in its latest round of funding, which valued the company at $150 million before the money. Dov Moran founded Modu 18 months ago. Moran also started msystems, which he sold to SanDisk for $1.6 billion. Modu has already raised $20 million from Genesis Partners, Gemini Israel Funds, SanDisk and Moran himself.

Modu made a big splash at this year's Mobile World Congress in Barcelona with its modular mobile device. Modu allows users to move its 1.4 ounces modular device into various modu "jackets" and "mates."

Check out this video [1] for a teaser on the Modu device. 

For more on the funding:
- read this report [2] from Globes