Democratic presidential candidate Sen. Elizabeth Warren (D-MA) speaks during a Town Hall at Keene State College on September 25, 2019 in Keene, New Hampshire.

For Warren, the successful quarter is the latest sign that she is surging, not just in the polls, but in the fundraising game, toward front runner Biden. In some of the recent voter surveys, she's either tied or gone ahead of the former vice president. Biden's fundraising also trailed that of South Bend, Indiana, Mayor Pete Buttigieg, who raked in $19.1 million in the quarter.

The total haul puts her just behind Sen. Bernie Sanders, who brought in over $25 million , and ahead of former Vice President Joe Biden's $15 million .

President Donald Trump and the Republican National Committee combined to raise $125 million.

Warren's campaign noted that it has $25.7 million on hand and the average contribution last quarter was $26. Warren also had 300,000 donors giving for the first time.

Warren campaign tweet

Warren has been the candidate to come out with detailed plans as to how she would govern if she became president. Many of those proposals would target major corporations and executives who have in the past supported Democrats running for president.

Her ideas, which have included a wealth tax and regulating private equity firms, could particularly inflict pain on Wall Street titans. Some Democratic donors in the financial industry have privately have been warning their party that if Warren becomes the nominee, they will either sit out the election or support Trump.

The campaigns war against Wall Street continued into the third-quarter fundraising announcement. Warren campaign manager Roger Lau called on supporters in a Medium post to "Close your eyes and picture Wall Street bankers scowling into their catered breakfast."