diff --git a/docs/conf.py b/docs/conf.py
index 44ffba4edb..2ca8797a22 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -29,7 +29,7 @@
 copyright = u"2019, Sentry Team and Contributors"
 author = u"Sentry Team and Contributors"
 
-release = "1.4.3"
+release = "1.5.0"
 version = ".".join(release.split(".")[:2])  # The short X.Y version.
 
 
diff --git a/sentry_sdk/consts.py b/sentry_sdk/consts.py
index 6e426aeb7f..0f7675fbcd 100644
--- a/sentry_sdk/consts.py
+++ b/sentry_sdk/consts.py
@@ -101,7 +101,7 @@ def _get_default_options():
 del _get_default_options
 
 
-VERSION = "1.4.3"
+VERSION = "1.5.0"
 SDK_INFO = {
     "name": "sentry.python",
     "version": VERSION,
diff --git a/setup.py b/setup.py
index 721727f85d..53d17fb146 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@ def get_file_text(file_name):
 
 setup(
     name="sentry-sdk",
-    version="1.4.3",
+    version="1.5.0",
     author="Sentry Team and Contributors",
     author_email="hello@sentry.io",
     url="https://github.com/getsentry/sentry-python",