diff --git a/configure.ac b/configure.ac
index 7b786cfc8d..d1e9aff5f0 100644
--- a/configure.ac
+++ b/configure.ac
@@ -6,7 +6,7 @@ AC_PREREQ([2.69])
 # For released versions, this is in x.y.z format.
 # For GIT versions, this is x.y.z-git, where x.y.z denotes the next development
 # version that is worked on and that is to be released.
-AC_INIT(kea, 2.7.7-git, kea-dev@lists.isc.org)
+AC_INIT(kea, 2.7.8-git, kea-dev@lists.isc.org)
 AC_CONFIG_SRCDIR(README)
 
 # serial-tests is not available in automake version before 1.13, so
diff --git a/meson.build b/meson.build
index 8eac4eacce..4e56c98740 100644
--- a/meson.build
+++ b/meson.build
@@ -17,7 +17,7 @@
 project(
     'kea',
     'cpp',
-    version: '2.7.7-git',
+    version: '2.7.8-git',
     meson_version: '>=1.1.0',
     license: 'MPL-2.0',
     license_files: ['COPYING'],