diff --git a/lib/ddtrace/version.rb b/lib/ddtrace/version.rb
index d983a311d09..d0b607809e6 100644
--- a/lib/ddtrace/version.rb
+++ b/lib/ddtrace/version.rb
@@ -2,7 +2,7 @@ module Datadog
   module VERSION
     MAJOR = 0
     MINOR = 1
-    PATCH = 2
+    PATCH = 3
 
     STRING = [MAJOR, MINOR, PATCH].compact.join('.')
   end