diff --git a/glotaran/__init__.py b/glotaran/__init__.py
index f5d94993b..51fde34f2 100644
--- a/glotaran/__init__.py
+++ b/glotaran/__init__.py
@@ -3,7 +3,7 @@
 from . import io
 from . import parameter
 
-__version__ = "0.2.0"
+__version__ = "0.3.0"
 
 ParameterGroup = parameter.ParameterGroup
 
diff --git a/setup.cfg b/setup.cfg
index bcc16e0b2..050edc572 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.2.0
+current_version = 0.3.0
 commit = True
 tag = True
 
diff --git a/setup.py b/setup.py
index d863ad652..708dca32b 100644
--- a/setup.py
+++ b/setup.py
@@ -33,7 +33,7 @@
 
 setup(
     name="pyglotaran",
-    version="0.2.0",
+    version="0.3.0",
     description="The Glotaran fitting engine.",
     long_description=long_description,
     long_description_content_type="text/markdown",