diff --git a/README.md b/README.md
index 827fc9a..3f06ccb 100644
--- a/README.md
+++ b/README.md
@@ -59,5 +59,5 @@ For documentation, examples and guides [see the wiki][wiki]. For questions and f
 [fundle-slow]: https://github.com/tuvistavie/fundle/blob/master/functions/fundle.fish#L232
 [travis-link]: https://travis-ci.org/fisherman/fisherman
 [travis-badge]: https://img.shields.io/travis/fisherman/fisherman.svg?style=flat-square
-[fisherman-version]: https://img.shields.io/badge/latest-v0.4.0-00B9FF.svg?style=flat-square
+[fisherman-version]: https://img.shields.io/badge/latest-v0.5.0-00B9FF.svg?style=flat-square
 [performance]: https://github.com/fisherman/fisherman/wiki/Performance
diff --git a/VERSION b/VERSION
index 1d0ba9e..8f0916f 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-0.4.0
+0.5.0