Harris campaign announces massive $540 million haul since launch

Vice President Kamala Harris 's campaign is coming off a feel-good week at the Democratic National Convention , and the campaign's fundraising figures have added to that feeling.

The Harris campaign, in a memo Sunday, said it had raised $540 million since Harris launched her campaign just over a month ago, when President Joe Biden dropped his reelection bid. Harris campaign chairwoman Jen O’Malley Dillon said in the memo that just before Harris's Thursday DNC speech was their largest single hour in funds raised this cycle for their campaign.

“Just before Vice President Harris’ acceptance speech Thursday night, we officially crossed the $500 million mark,” O’Malley Dillon said in the memo, according to the Associated Press. “Immediately after her speech, we saw our best fundraising hour since launch day.”

Prior to Biden's decision to drop out on July 21, fundraising had dried up for Democrats as the president bled support in the polls to former President Donald Trump . After Biden dropped out, the money flow resumed in large numbers.

For the month of July, the Harris campaign, which was reorganized out of the Biden campaign, reported $310 million raised in July, for $377 million cash on hand, while the Trump campaign reported $139 million raised in the month and $327 million cash on hand.

The campaign memo from the Harris campaign on Sunday also noted they already have a $150 million ad buy for August, along with $370 million in ad buys already reserved after Labor Day and through Election Day.

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With 72 days until Election Day , spending and fundraising for both campaigns are expected to continue to ramp up. Early voting begins in some states next month.

The race between Trump and Harris is expected to be tight, with polls in key swing states showing a narrow race for 270 electoral votes.