diff --git a/picard/__init__.py b/picard/__init__.py
index dd3fe3667..62f62deaa 100644
--- a/picard/__init__.py
+++ b/picard/__init__.py
@@ -41,7 +41,7 @@ PICARD_APP_NAME = "Picard"
 PICARD_DISPLAY_NAME = "MusicBrainz Picard"
 PICARD_APP_ID = "org.musicbrainz.Picard"
 PICARD_DESKTOP_NAME = PICARD_APP_ID + ".desktop"
-PICARD_VERSION = Version(2, 3, 2, 'final', 0)
+PICARD_VERSION = Version(2, 4, 0, 'dev', 1)
 
 
 # optional build version