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Donald Trump raises $80 million in July, has $37 million war chest

Donald Trump's campaign grew its fundraising significantly in the month of July, announcing a total of approximately $80 million raised. The campaign reported ending the month with approximately $37 million in cash on hand.

The numbers mark a sharp uptick from June, when Trump's campaign raised about $51 million, but are lower than what Hillary Clinton's campaign announced it had raised last month.

"We are extremely proud of our 69 percent growth in small dollar donations which shows the broad based support of over one million donors across America," Steven Mnuchin, the campaign's finance chairman, said in a statement.

Speaking on CNBC, Mnuchin said Wednesday that the $80 million in fundraising "includes $64 million of small-dollar donations, and $16 million of donations with the [Republican National Committee]."

Trump has now put more than $56 million of his own money into the race, the campaign announced, including a recent $2 million injection through a matching program.

Trump's campaign also said it raised over $16 million from 20 fundraising events, held in conjunction with the RNC.

While the results show the Trump campaign has a positive trajectory in terms of fundraising, he still trails his Clinton for the month of July.

On Tuesday, Clinton reported raising nearly $90 million in July, ending the month with a $58 million war chest.

During July 2012, President Barack Obama's re-election campaign raised more than $75 million, while Mitt Romney's campaign raised over $100 million.