diff --git a/CMakeLists.txt b/CMakeLists.txt
index 6e06598..a4f829e 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -24,7 +24,7 @@
 
 cmake_minimum_required(VERSION 3.10)
 
-project(tinycbor LANGUAGES C VERSION 0.6.0)
+project(tinycbor LANGUAGES C VERSION 0.7.0)
 
 # Set path to additional cmake scripts
 set(CMAKE_MODULE_PATH ${CMAKE_SOURCE_DIR}/cmake ${CMAKE_MODULE_PATH})
diff --git a/VERSION b/VERSION
index a918a2a..faef31a 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.6.0
+0.7.0
diff --git a/src/tinycbor-version.h b/src/tinycbor-version.h
index c26560c..a5ea9c3 100644
--- a/src/tinycbor-version.h
+++ b/src/tinycbor-version.h
@@ -1,3 +1,3 @@
-#define TINYCBOR_VERSION_MAJOR      0
-#define TINYCBOR_VERSION_MINOR      6
+#define TINYCBOR_VERSION_MAJOR      7
+#define TINYCBOR_VERSION_MINOR      0
 #define TINYCBOR_VERSION_PATCH      0