Westman Atelier raises $15M from Prelude & Imaginary; sale process paused

Disclosed in February 2026 SEC filings, clean colour cosmetics brand Westman Atelier (founded 2018 by Gucci Westman and David Neville) raised $15M with existing backers Prelude Growth Partners and Imaginary Ventures both participating, bringing total raised to $36.9M per PitchBook. The round follows Axios reporting that the brand's sale process had gone quiet — capital provides runway to wait for a more favourable M&A environment in clean makeup. Imaginary has also backed Glossier and Kosas; Prelude has backed Phlur and Tower 28.