diff --git a/synapse/__init__.py b/synapse/__init__.py
index 3e7e26bf6..5db4eae35 100644
--- a/synapse/__init__.py
+++ b/synapse/__init__.py
@@ -16,4 +16,4 @@
 """ This is a reference implementation of a Matrix home server.
 """
 
-__version__ = "0.11.1"
+__version__ = "0.12.0"