diff --git a/cobra/__init__.py b/cobra/__init__.py
index 23480c460..c671d3fb1 100644
--- a/cobra/__init__.py
+++ b/cobra/__init__.py
@@ -41,4 +41,4 @@ def _warn_format(message, category, filename, lineno, file=None, line=None):
 from cobra import sampling
 from cobra.util import show_versions
 
-__version__ = "0.15.4"
+__version__ = "0.16.0"
diff --git a/setup.cfg b/setup.cfg
index 2515b707c..197fd9aa6 100644
--- a/setup.cfg
+++ b/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.15.4
+current_version = 0.16.0
 commit = True
 tag = True
 parse = (?P<major>\d+)
diff --git a/setup.py b/setup.py
index 96c6bf630..4f757a51b 100644
--- a/setup.py
+++ b/setup.py
@@ -38,7 +38,7 @@
 if __name__ == "__main__":
     setup(
         name="cobra",
-        version="0.15.4",
+        version="0.16.0",
         packages=find_packages(),
         setup_requires=setup_requirements,
         install_requires=[