diff --git a/.bumpversion.cfg b/.bumpversion.cfg
index 5c2a058e4c..7493ebb07d 100644
--- a/.bumpversion.cfg
+++ b/.bumpversion.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.4.7
+current_version = 0.5.0
 commit = True
 tag = False
 
diff --git a/Project.toml b/Project.toml
index a365659374..7abb39ab0b 100644
--- a/Project.toml
+++ b/Project.toml
@@ -1,7 +1,7 @@
 name = "DFTK"
 uuid = "acf6eb54-70d9-11e9-0013-234b7a5f5337"
 authors = ["Michael F. Herbst <info@michael-herbst.com>", "Antoine Levitt <antoine.levitt@inria.fr>"]
-version = "0.4.7"
+version = "0.5.0"
 
 [deps]
 AbstractFFTs = "621f4979-c628-5d54-868e-fcf4e3e8185c"