Retirement funds including Hostplus and Aware Super will get their first payday from the runaway success of graphic design company Canva after the country’s largest venture capital fund, Blackbird Ventures, agreed to sell a stake to investors in the United States.

As first reported by The Australian Financial Review’s Street Talk column on Tuesday morning, Canva has two new investors in San Francisco-headquartered ICONIQ Capital and Coatue Management, another US firm, with the sale confirming a reduced valuation for the company of $US25.5 billion ($39 billion). That is down from $US40 billion at its last capital raise.