Nike is investing $500,000 in Black Girl Ventures, a crowdfunding platform headquartered in Washington, D.C. that describes itself as funding and scaling “tech-enabled, revenue-generating businesses (under $1M) founded by people who identify as Black/Brown and women.” According to its founder and chief executive, Shelly Bell, Black Girl Ventures will be putting the money toward its proprietary platform and “storytelling campaigns.” Nike announced similar commitments this past July to Black Girls CODE, the NAACP Empowerment Programs, the NAACP Legal Defense and Educational Fund (LDF) and the Equal Justice Initiative. This year its Black Community Commitment will be issuing $1.75 million in grants to similar organizations in the American cities of Boston, Memphis, St. Louis, Portland, Chicago, Los Angeles and New York. As we have previously reported, the Jordan brand and Michael Jordan himself have pledged an additional $100 million over ten years for similar causes.