diff --git a/setup.py b/setup.py
index c4588b11..510be3b2 100644
--- a/setup.py
+++ b/setup.py
@@ -36,7 +36,7 @@
 
 # note: release candidates should be versioned as a pre-release, e.g. "1.1rc1"
 # 1.1-rc1 would indicate a post-release, i.e., and update of 1.1, so beware
-VERSION = '4.7.2'
+VERSION = '4.8.0'
 
 
 # Utility function to read README file