Andrew Yang raises $10 million in third quarter, campaign says

Andrew Yang raises $10 million in third quarter, campaign says
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Former tech executive Andrew YangAndrew YangProgressive candidate Bush talks about her upset primary win over Rep. Clay Is this the end of the 'college experience'? Biden campaign to take over 'Supernatural' star's Instagram for interview MORE raised $10 million in the last three months for his presidential bid, a substantial haul that more than triples his fundraising total in the second quarter of the year.

The third quarter fundraising sum puts him in the middle tier among the six Democratic presidential candidates who announced their latest financial hauls so far. Yang is expected to report $6.3 million in cash on hand, well above the $847,000 he had in the bank at the end of June.

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His fundraising numbers were boosted in the last 10 days of September by $2.28 million in donations, his campaign said. 

Yang, who entered the presidential race in 2017 as a political unknown, has seen his political stock rise in recent months, as he’s outperformed several more traditional candidates — senators, members of Congress and governors among them — in the polls.

And while he’s not among the primary field’s top-tier candidates, his latest fundraising numbers suggest that his rising profile has translated to donations. 

He outraised at least two other candidates in the third quarter. Sen. Cory BookerCory Anthony BookerSenate Democrats demand answers on migrant child trafficking during pandemic Senate Democrats push to include free phone calls for incarcerated people in next relief package Ex-USAID employee apologizes, denies sending explosive tweets MORE’s (D-N.J.) campaign said on Tuesday that it had raised roughly $6 million in the past three months, while Sen. Michael BennetMichael Farrand BennetExpanding our health force can save lives and create jobs simultaneously How Congress is preventing a Medicare bankruptcy during COVID-19 Tom Cotton rips NY Times for Chinese scientist op-ed criticizing US coronavirus response MORE (D-Colo.) brought in about $2.1 million. 

Yang's $10 million haul puts him behind Sen. Kamala HarrisKamala Devi HarrisBiden campaign says no VP pick yet after bike trail quip Hillary Clinton roasts NYT's Maureen Dowd over column Biden edges closer to VP pick: Here's who's up and who's down MORE (D-Calif.), who raised $11.6 million in the third quarter; South Bend, Ind., Mayor Pete ButtigiegPete ButtigiegCNN's Ana Navarro to host Biden roundtable on making 'Trump a one-term president' Former Indiana Gov. Joe Kernan dies How Republicans can embrace environmentalism and win MORE, who raised $19.1 million; and Sen. Bernie SandersBernie SandersThe Memo: Trump team pounces on Biden gaffes The Hill's Campaign Report: US officials say Russia, China are looking to sow discord in election Warren urges investment in child care workers amid pandemic MORE (I-Vt.), who leads in third-quarter fundraising with $25.3 million.

But Yang’s figures show one of the most drastic quarter-over-quarter increases. He raised roughly $2.8 million between April and June, according to federal filings.

"Andrew Yang is the only contender showing exponential growth in the third quarter, more than tripling his fundraising number from last quarter," said Zach Graumann, Yang’s campaign manager. 

"This grassroots fundraising total, with over $6m in the bank, ensures this campaign will have the funding to compete and outperform expectations through Super Tuesday and beyond."

Yang has qualified for the fourth Democratic presidential debate on Oct. 15 and has already surpassed the 165,000-donor threshold to qualify for the fifth debate in November.