Jon Ossoff, the Georgia Democrat embattled in the heated runoff race against Republican Sen. David Perdue, the incumbent, has become the highest-funded senatorial candidate of all time, The New York Times first reported Friday.

The news comes following the release of the latest round of fundraising data from the Federal Elections Commission, covering the period between October 15 and December 16. During that period, Ossoff raised $106.7 million. Perdue raised $68 million during the same period, according to the FEC data.

Reverend Raphael Warnock, who is also embattled in a heated Georgia runoff race against incumbent Republican Sen. Kelly Loeffler raised $103.3 million during the same period, according to the data. Loeffler raised approximately$64 million during the fundraising period, according to the FEC.

In both races during the general election, neither candidate received enough of the vote to be declared the winner, triggering a runoff election scheduled for January 5. The Georgia runoff races have captured nationwide attention because the winner of the races determines which party will control the US Senate.

If Ossoff and Warnock win both of their races, the Senate majority will be split evenly between Democrats and Republicans. But, if either Perdue or Loeffler wins, the GOP will continue to hold the power in the Senate, creating a roadblock for the Democrat-controlled House and president-elect Joe Biden, also a Democrat.

Biden flipped the state of Georgia blue during the general election, which was one of the states that proved key to his victory over President Donald Trump.

Nearly half of the donations to Warnock and Ossoff were under $200, The New York Times noted. Just about 30% of donations to Perdue and Loeffler were from small donors, according to the data.

Both Ossoff and Warnock's fundraising during the quarter surpassed the previous record broken by Jaime Harrison, who raised $57 million in a single quarter in his failed campaign against South Carolina Republican Sen. Lindsey Graham.

More:

Ossoff has raised more money than any Senate candidate in history - Business Insider - Business Insider