diff --git a/.github/workflows/lint.yml b/.github/workflows/lint.yml
index c2ed28a43..2c9ee8348 100644
--- a/.github/workflows/lint.yml
+++ b/.github/workflows/lint.yml
@@ -20,7 +20,7 @@ jobs:
     steps:
       - uses: actions/setup-go@v3
         with:
-          go-version: "1.20"
+          go-version: "1.21"
       - uses: actions/checkout@v3
       - name: golangci-lint
         uses: golangci/golangci-lint-action@v3
diff --git a/.github/workflows/test.yml b/.github/workflows/test.yml
index 40d3bd1a1..dc27cc566 100644
--- a/.github/workflows/test.yml
+++ b/.github/workflows/test.yml
@@ -59,10 +59,10 @@ jobs:
         # pull requests, only run this step for a single job in the matrix. For
         # all other workflow triggers (e.g., pushes to a release branch) run
         # this step for the whole matrix.
-        if: ${{ github.event_name != 'pull_request' || (matrix.go == '1.20' && matrix.os == 'ubuntu') }}
+        if: ${{ github.event_name != 'pull_request' || (matrix.go == '1.21' && matrix.os == 'ubuntu') }}
     timeout-minutes: 15
     strategy:
       matrix:
-        go: ["1.20", "1.19", "1.18"]
+        go: ["1.21", "1.20", "1.19", "1.18"]
         os: [ubuntu, windows, macos]
       fail-fast: false
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 662d58710..98c4cf88a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,11 @@
 # Changelog
 
+## Unreleased
+
+### Bug fixes
+
+- Fix trace function name parsing in profiler on go1.21+ ([#695](https://github.com/getsentry/sentry-go/pull/695))
+
 ## 0.23.0
 
 The Sentry SDK team is happy to announce the immediate availability of Sentry Go SDK v0.23.0.
diff --git a/internal/traceparser/parser.go b/internal/traceparser/parser.go
index f42f28ccf..8a7aab327 100644
--- a/internal/traceparser/parser.go
+++ b/internal/traceparser/parser.go
@@ -178,7 +178,14 @@ var createdByPrefix = []byte("created by ")
 
 func (f *Frame) Func() []byte {
 	if bytes.HasPrefix(f.line1, createdByPrefix) {
-		return f.line1[len(createdByPrefix):]
+		// Since go1.21, the line ends with " in goroutine X", saying which goroutine created this one.
+		// We currently don't have use for that so just remove it.
+		var line = f.line1[len(createdByPrefix):]
+		var spaceAt = bytes.IndexByte(line, ' ')
+		if spaceAt < 0 {
+			return line
+		}
+		return line[:spaceAt]
 	}
 
 	var end = bytes.LastIndexByte(f.line1, '(')
diff --git a/internal/traceparser/parser_test.go b/internal/traceparser/parser_test.go
index d43cda69f..7393517ae 100644
--- a/internal/traceparser/parser_test.go
+++ b/internal/traceparser/parser_test.go
@@ -3,12 +3,39 @@ package traceparser
 import (
 	"bytes"
 	"fmt"
+	"runtime"
 	"strings"
 	"testing"
 
 	"github.com/stretchr/testify/require"
 )
 
+func TestGenerateTrace(t *testing.T) {
+	stacks := make(chan string)
+	go func() {
+		var stacksBuffer = make([]byte, 1000)
+		for {
+			// Capture stacks for all existing goroutines.
+			// Note: runtime.GoroutineProfile() would be better but we can't use it at the moment because
+			//       it doesn't give us `gid` for each routine, see https://github.com/golang/go/issues/59663
+			n := runtime.Stack(stacksBuffer, true)
+
+			// If we couldn't read everything, increase the buffer and try again.
+			if n >= len(stacksBuffer) {
+				stacksBuffer = make([]byte, n*2)
+			} else {
+				stacks <- string(stacksBuffer[0:n])
+				break
+			}
+		}
+	}()
+
+	t.Log(<-stacks)
+
+	// Note: uncomment to show the output so you can update it manually in tests below.
+	// t.Fail()
+}
+
 func TestParseEmpty(t *testing.T) {
 	var require = require.New(t)
 
@@ -17,11 +44,11 @@ func TestParseEmpty(t *testing.T) {
 }
 
 var tracetext = []byte(`
-goroutine 18 [running]:
-testing.(*M).startAlarm.func1()
-	C:/Users/name/scoop/apps/go/current/src/testing/testing.go:2241 +0x3c5
-created by time.goFunc
-	C:/Users/name/scoop/apps/go/current/src/time/sleep.go:176 +0x32
+goroutine 7 [running]:
+github.com/getsentry/sentry-go/internal/traceparser.TestGenerateTrace.func1()
+	c:/dev/sentry-go/internal/traceparser/parser_test.go:23 +0x6c
+created by github.com/getsentry/sentry-go/internal/traceparser.TestGenerateTrace in goroutine 6
+	c:/dev/sentry-go/internal/traceparser/parser_test.go:17 +0x7f
 
 goroutine 1 [chan receive]:
 testing.(*T).Run(0xc00006f6c0, {0x672288?, 0x180fd3?}, 0x6b5f98)
@@ -78,10 +105,10 @@ func TestParse(t *testing.T) {
 		i++
 	}
 
-	checkTrace(18, `testing.(*M).startAlarm.func1()
-	C:/Users/name/scoop/apps/go/current/src/testing/testing.go:2241 +0x3c5
-created by time.goFunc
-	C:/Users/name/scoop/apps/go/current/src/time/sleep.go:176 +0x32`)
+	checkTrace(7, `github.com/getsentry/sentry-go/internal/traceparser.TestGenerateTrace.func1()
+	c:/dev/sentry-go/internal/traceparser/parser_test.go:23 +0x6c
+created by github.com/getsentry/sentry-go/internal/traceparser.TestGenerateTrace in goroutine 6
+	c:/dev/sentry-go/internal/traceparser/parser_test.go:17 +0x7f`)
 
 	checkTrace(1, `testing.(*T).Run(0xc00006f6c0, {0x672288?, 0x180fd3?}, 0x6b5f98)
 	C:/Users/name/scoop/apps/go/current/src/testing/testing.go:1630 +0x405
@@ -144,13 +171,13 @@ func TestFrames(t *testing.T) {
 	}
 
 	var expected = strings.Split(strings.TrimLeft(`
-Trace 0: goroutine 18 with at most 2 frames
-  Func = testing.(*M).startAlarm.func1
-  File = C:/Users/name/scoop/apps/go/current/src/testing/testing.go
-  Line = 2241
-  Func = time.goFunc
-  File = C:/Users/name/scoop/apps/go/current/src/time/sleep.go
-  Line = 176
+Trace 0: goroutine 7 with at most 2 frames
+  Func = github.com/getsentry/sentry-go/internal/traceparser.TestGenerateTrace.func1
+  File = c:/dev/sentry-go/internal/traceparser/parser_test.go
+  Line = 23
+  Func = github.com/getsentry/sentry-go/internal/traceparser.TestGenerateTrace
+  File = c:/dev/sentry-go/internal/traceparser/parser_test.go
+  Line = 17
 Trace 1: goroutine 1 with at most 6 frames
   Func = testing.(*T).Run
   File = C:/Users/name/scoop/apps/go/current/src/testing/testing.go
@@ -228,13 +255,13 @@ func TestFramesReversed(t *testing.T) {
 	}
 
 	var expected = strings.Split(strings.TrimLeft(`
-Trace 0: goroutine 18 with at most 2 frames
-  Func = time.goFunc
-  File = C:/Users/name/scoop/apps/go/current/src/time/sleep.go
-  Line = 176
-  Func = testing.(*M).startAlarm.func1
-  File = C:/Users/name/scoop/apps/go/current/src/testing/testing.go
-  Line = 2241
+Trace 0: goroutine 7 with at most 2 frames
+  Func = github.com/getsentry/sentry-go/internal/traceparser.TestGenerateTrace
+  File = c:/dev/sentry-go/internal/traceparser/parser_test.go
+  Line = 17
+  Func = github.com/getsentry/sentry-go/internal/traceparser.TestGenerateTrace.func1
+  File = c:/dev/sentry-go/internal/traceparser/parser_test.go
+  Line = 23
 Trace 1: goroutine 1 with at most 6 frames
   Func = main.main
   File = _testmain.go
diff --git a/profiler_test.go b/profiler_test.go
index ad860576a..0287b302c 100644
--- a/profiler_test.go
+++ b/profiler_test.go
@@ -231,6 +231,7 @@ func validateProfile(t *testing.T, trace *profileTrace, duration time.Duration)
 
 	for _, frame := range trace.Frames {
 		require.NotEmpty(frame.Function)
+		require.NotContains(frame.Function, " ") // Space in the function name is likely a parsing error
 		require.Greater(len(frame.AbsPath)+len(frame.Filename), 0)
 		require.Greater(frame.Lineno, 0)
 	}