WATCH LIVE: Bernie Sanders speaks after the Iowa caucus

Democratic presidential candidate Bernie Sanders is set to address supporters in Iowa following the first-in-the-nation caucus.

As he took the podium Sanders was less than one percent behind Hillary Clinton, with nearly all Iowa precincts reporting,

The Vermont senator went into Monday hoping for a big turn out in the Hawkeye State, telling Today on Monday, "I believe that if we have a large voter turnout, if thousands of people — many of whom who have given up on the political process, many young people who have never participated in the political process — if they come out, we're going to win."

Click through images from Iowa:

Sanders' campaign announced on Sunday that they had raised 33.6 million across the previous three months of 2015 and in another January they piled on another $20 million. The campaign has has experienced great success so far utilizing a grassroots campaign that is fueled by large numbers of small contributions.

"Working Americans chipping in a few dollars each month are not only challenging but beating the greatest fundraising machine ever assembled," campaign manager Jeff Weaver said in a statement.

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