The Hubert Burda-backed investor joins Germany-based business network company Wolfman Holding as a backer of the virtual office provider.

Google's corporate venturing unit is reportedly among the backers of TechCrunch founder Keith Teare's latest venture.

Separately one of its portfolio companies, Wildcat Discovery Technologies, has raised $7.5m.

Andreas Weiskam, a managing director at SAP Ventures' California office, has moved to the UK for at least a temporary basis to provide better balance in personnel between Europe and the US and that London was the "natural choice to be based", he said.