Not sure if you can top-up your round without the need for additional permissions from investors and shareholders? Here's the answer!
How to create an Instant Investment if you’ve enabled the Instant Investment feature in the previous funding round?
Instant Investment is a great way of being agile by getting permission in advance to take additional investment up to an agreed amount until an agreed deadline without the need for additional permissions from investors and shareholders. It means you do not have to deal with the admins of raising additional funds such as pre-emption notice and previous investor consent. You can simply top-up your round without any hassle if you turn on Instant Investment and use Express Lane at SeedLegals.
If you’d like to learn more about how to set up an Instant Investment and how to complete your Instant Investment on SeedLegals check out our step-by-step guide outlining how to do it!
If your last round was on SeedLegals, you should check from your key deal terms if you have enabled instant investment in your round:

You should check if you are still within that Instant Investment time and amount limit.

You should also make sure that you have specified no preemption for the additional investment.

If you have completed all these steps, you can use Express Lane when creating your Instant Investment. To do this, select ‘Yes’ to the express lane question in your Key Deal Terms, it will skip the need for Preemption Notice, Previous Investor Consent and Shareholders Resolution documents. So you will not need to do these documents if you use this option!

You would still need to pass a Board Resolution in order to get additional funding but you will not need Previous Investor Consent and you will not need to send a Pre-emption Notice to your existing shareholders. You will create and sign your Board Resolution, you will need to commence a board meeting in accordance with your Articles of Association, a Director needs to sign the Board Resolution.
Make sure you have a read at this very useful guide on how to close your instant investment on the platform to make sure everything is signed and dated correctly! Finally, you will create and sign your SH01 Form and file it to Companies House! Here’s how to do it online.