diff --git a/CMakeLists.txt b/CMakeLists.txt
index 0fdc228c9e..09f74b9853 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -6,7 +6,7 @@
 
 # Set up the project.
 cmake_minimum_required( VERSION 3.22 )
-project( traccc VERSION 0.15.0 LANGUAGES CXX )
+project( traccc VERSION 0.16.0 LANGUAGES CXX )
 
 # Set up the used C++ standard(s).
 set( CMAKE_CXX_STANDARD 20 CACHE STRING "The (host) C++ standard to use" )