Story perspectives

Matt Mahan Raises $9.2M, Gains Momentum in Gubernatorial Race

2/26/2026

Summary

Story summary

Matt Mahan, mayor of San Jose, has raised nearly $9.2 million for his gubernatorial campaign.
An independent committee backed by Silicon Valley executives is spending $4.8 million on statewide television ads promoting Mahan.
The ads emphasize his working-class background and accomplishments as mayor.
Donors include billionaire venture capitalist Michael Moritz and entrepreneur Michael Seibel.
Even with lower name recognition, his tech-funding makes him a notable contender to succeed Gavin Newsom.

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Story summary

Matt Mahan, mayor of San Jose, has raised nearly $9.2 million for his gubernatorial campaign.
An independent committee backed by Silicon Valley executives is spending $4.8 million on statewide television ads promoting Mahan.
The ads emphasize his working-class background and accomplishments as mayor.
Donors include billionaire venture capitalist Michael Moritz and entrepreneur Michael Seibel.
Even with lower name recognition, his tech-funding makes him a notable contender to succeed Gavin Newsom.