diff --git a/CMakeLists.txt b/CMakeLists.txt
index f80e6d7705..e0d98cc70f 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -77,7 +77,7 @@ endif ()
 # ------------------------------------------------------------------------------
 
 set(ARANGODB_VERSION_MAJOR      "3")
-set(ARANGODB_VERSION_MINOR      "3")
+set(ARANGODB_VERSION_MINOR      "4")
 if (NOT DEFINED ARANGODB_VERSION_REVISION)
   set(ARANGODB_VERSION_REVISION   "devel")
 endif()
diff --git a/VERSION b/VERSION
index cc42ef7327..d2f4978395 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-3.3.devel
+3.4.devel