Ironclad Brewery expects to invest between $25,000 and $50,000 in about eight startups a year through its newly formed unit.

US-based beer producer Ironclad Brewery has formed a corporate venturing unit that will invest up to $50,000 in local startups, Brewbound has reported.

Ironclad, which was founded in 2014, will provide between $25,000 and $50,000 in funding to each portfolio company and expects to invest about $200,000 per year in eight startups.

The fund’s first deal is a $50,000 investment in Petrics, the developer of a smart pet bed and activity tracker that provides information on a pet’s health and…