Staffing Venture Capital, a private investment group, announced an $18.6 million funding round Tuesday that will enable it to invest in staffing firms with a focus on healthcare staffing. The funding is committed but further details were not announced.

SVC is led by staffing industry veterans Chris Eales, CEO of Premier Healthcare Professionals, and Eric Allison, managing partner of Golden One Ventures.

“Our strategy for our first fund is centered around emerging staffing and recruiting firms focused on the healthcare sector,” Allison said. “Today, we are bullish on the space and believe there is a tremendous opportunity to support the growth of firms in the lower and middle markets within the staffing space.”

A majority of investments are 40% minority equity investments, Allison said.