diff --git a/CHANGELOG.md b/CHANGELOG.md
index 436d5b7f0a87e832f22bb077caf2a3d7297a049d..ffbfe9e60f98b4a542673c1f600b355aac7f3538 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,7 @@
+# v1.2.4
+
+* _TBA_
+
 # v1.2.3
 
 * `Multibuild` will pass given kwargs to `Extension` object
diff --git a/snakehouse/__init__.py b/snakehouse/__init__.py
index 849c48b8cb35f9ad0d3d3bd3a7e7187aec8a80a4..e4e45a7a9559b31d7533b1a2f94ba7abbfb1809c 100644
--- a/snakehouse/__init__.py
+++ b/snakehouse/__init__.py
@@ -2,4 +2,4 @@ from .build import build
 from .multibuild import Multibuild
 from .faster_builds import monkey_patch_parallel_compilation
 
-__version__ = '1.2.3'
+__version__ = '1.2.4a1'