Just one day after President Joe Biden announced he would not pursue re-election, Democrats raised $100 million through their primary fundraising platform.
According to a live tracker by Ryan Murphy, a developer for The Marshall Project, ActBlue, a political action committee that supports Democratic organizations, reported that amount was raised over the last two days. While this figure is not officially verified, it provides insights into the fundraising performance of the group before any mandatory disclosures are due.
On Sunday, donations surged to $66.9 million following the launch of Vice President Kamala Harris’s presidential campaign, marking the highest single-day fundraising total for the 2024 cycle for ActBlue. This surpassed the previous record set on September 30, 2020, during the first presidential debate between Biden and Trump.
Due to this influx, ActBlue has now raised a total of $14 billion since its inception two decades ago. In comparison, WinRed, the Republican fundraising platform launched in late 2019, has collected approximately $4.3 billion.
ActBlue noted in a statement on X, formerly known as Twitter, that many first-time donors contributed in the past 24 hours, highlighting the arrival of new small-dollar contributors to the grassroots movement.
Additionally, Future Forward, a super PAC aligned with Biden, secured $150 million in new commitments from major donors just 24 hours after Biden’s announcement and endorsement of Harris. Swing Left, which initiated a fund to support the eventual Democratic nominee, raised over $160,000 in the same 24-hour period.
Roger Altman, founder of Evercore, stated on Monday that Harris’s campaign would be “very well financed” and expressed his support for her. Notable Democratic donors, including George and Alex Soros, have also shown their support for Harris.
Previously, Biden experienced significant fundraising success immediately following a debate loss to Trump on June 27, raising about $28 million within one day. He also garnered $19.2 million in the days following Trump’s conviction on 34 felony counts, while Trump and his affiliated groups collected $69 million from May 30 to May 31, which led to a temporary crash of Trump’s campaign website. The super PAC aligned with him, Make America Great Again Inc., raised $70 million during that period.
In total, pro-Biden groups raised $332.4 million from April to June, in contrast to the $431.2 million collected by pro-Trump groups. By the end of June, Biden had $281 million in his campaign coffers, compared to Trump’s $336.2 million.