Andrew Yang raises $2.8 million in second quarter

Former tech executive Andrew Yang raised $2.8 million for his White House bid over the past three months, an improvement from the previous quarter but significantly less than the amount brought in by top-tier candidates.

The vast majority of contributions to Yang’s campaign — 81 percent — came from donors giving $200 or less, his campaign said. A more detailed look into his campaign’s finances will be available on July 15, the deadline for filing second-quarter fundraising reports with the Federal Election Commission.

{mosads}While Yang’s second-quarter haul pales in comparison to the fundraising totals of better-known candidates — $21.5 million for former Vice President Joe Biden and $19.1 million for Sen. Elizabeth Warren (D-Mass.) — it’s a marked increase from the first quarter of the year, when he raised less than $1.8 million.

Yang’s recent fundraising total puts him on par with Sen. Michael Bennet (D-Colo.), who also raised $2.8 million over the past three months. It also eclipses the second-quarter numbers of more established candidates like former Colorado Gov. John Hickenlooper and Montana Gov. Steve Bullock, who raised $1 million and $2 million, respectively.

Yang entered the race for the Democratic presidential nomination in 2017 with virtually no national political profile, but has built up a steady base of support that helped him surpass the 65,000-donor threshold necessary to qualify for the first two primary debates.

Yang has already reached the 130,000-donor threshold to qualify for the third Democratic primary debate in September.

–Updated at 7:37 p.m.