Pete Buttigieg, the latest Democrat to launch a full-fledged 2020 presidential campaign, raised $1 million just hours after announcing his official bid, according to his spokeswoman.
The fundraising haul, shared Sunday by Buttigieg’s team after his announcement speech, provides the latest data point indicating the South Bend, Indiana, mayor’s growing profile on the national stage from the few months since entering the contest as a relative unknown.
from the 24 hours after launching an exploratory committee in late January, for instance, Buttigieg raised about $0,000, according to spokeswoman Lis Smith. yet after his campaign launch Sunday, Buttigieg collected seven figures in donations in about four hours, the campaign said.
Lis Smith TWEET
Buttigieg, the youngest of the 18-plus confirmed candidates to join the race against President Donald Trump, had already reported raising over $7 million from the first fundraising quarter during his “exploratory” campaign phase. of which sum put the 37-year-old mayor ahead of many more nationally established candidates for the quarter.
Neither Buttigieg nor any various other 2020 Democrat has come close to matching the Trump campaign’s first-quarter fundraising haul, however. The president’s reelection campaign announced Monday of which the idea took in $30.3 million overall from the fundraising period, leaving the idea with $40.8 million in cash on hand.
Trump’s campaign in addition to the Republican National Committee reported a combined $76.1 million to the FEC.
Buttigieg has used his campaign funds more sparingly, according to a recent filing via the Federal Election Commission. Of the $7,091,224.39 Buttigieg reported raising, he spent less than $700,000. of which leaves him with more than $6.4 million in cash on hand, even before adding from the latest $1 million reported by his campaign on Sunday.
of which’s an especially low “burn rate,” experts in addition to media figures have claimed, in addition to one of which his spokeswoman chalks up to the self-described millennial mayor’s intent to run a “21st century campaign doing more with less.”
Claybourn TWEET Pete Buttigieg spent less than $700,000 in Q1 in addition to has $6.4 million from the bank, per completely new FEC filing. His “burn rate” is usually less than 10%. Compare of which to Gillibrand’s 80% burn rate.
Buttigieg told CNBC in a February interview of which “I understand This kind of is usually an underdog project.” Yet the Rhodes Scholar in addition to Afghanistan War veteran, who would certainly be both the youngest in addition to the first openly gay president in U.S. history if elected, has matched his fundraising gains with sizable jumps in polling since launching his exploratory committee.
A Emerson national poll of the 2020 contenders in mid-February, for instance, notched Buttigieg at 0% support, falling well below 12 various other Democrats from the primary at the time.
yet the latest national poll via Emerson released Monday morning saw Buttigieg rise to the No. 3 slot with 9%, beating 17 various other Democrats in addition to falling behind only former Vice President Joe Biden in addition to Vermont Sen. Bernie Sanders — both of whom have been leading names in American politics for years.