INDIANAPOLIS, IN - March 22, 2000 - eTapestry.com, (www.etapestry.com) a leading developer of Internet based donor management and fundraising software for non-profit organizations, announced the completion of a $6.5 million investment from HarbourVest Partners LLC of Boston, MA and Gazelle TechVentures of Indianapolis, IN. These funds will allow eTapestry to rapidly expand its development, sales, and marketing activities.

Founded in September 1999, eTapestry is a business to business Application Service Provider (ASP) providing comprehensive database and communications solutions on the Internet to non-profit organizations of all types and sizes. With over 30 years experience working with non-profits and their database needs, the founders of eTapestry have built an application which provides a sharp contrast to traditional software applications that are used for fundraising. Instead of a large initial investment in software, maintenance fees, and hardware upgrades, eTapestry is available for a low monthly fee that includes support, upgrades, and all system maintenance.

Because it is accessed over the Internet, organizations can give remote offices, volunteers, board members, and others, full or limited use of the application from any computer. "eTapestry provides that unique combination of greater benefit at less cost than other applications", said Jay Love, President and CEO of eTapestry. "Even small organizations with limited resources can now use the most advanced tools for managing their fundraising activities."

The investment by HarbourVest Partners, a global venture capital firm with over $10 billion under management, and Gazelle TechVentures, an emerging venture capital firm focused on high tech companies, bring more than just dollars to eTapestry. Both groups add significant experience in working with successful, high growth technology firms. Their added expertise positions eTapestry for substantial growth over the next two years. "eTapestry brings together a management team with extensive experience working with non-profits and an excellent ASP product", said Ofer Nemirovsky, Managing Director of HarbourVest. "We are looking forward to assisting eTapestry achieve it's vision of providing the total communications solution for the charity world".

eTapestry will immediately begin expansion of sales and marketing efforts throughout the U.S., Canada, United Kingdom, Australia, and New Zealand. Funds will also be directed towards the growth of the technical and development staff. Over 150 new technical, technical support, and sales professionals are expected to be added to the company in the next two years.

eTapestry.com is located in Indianapolis, Indiana. For additional information on eTapestry.com contact Steve Rusche at 1-888-739-3827 or at steve.rusche@eTapestry.com, or visit their web site at www.etapestry.com.