diff --git a/CHANGES b/CHANGES
index 471236b5f..e6e8de223 100644
--- a/CHANGES
+++ b/CHANGES
@@ -7,6 +7,18 @@ contributors are listed. Note that Calamares does not have a historical
 changelog -- this log starts with version 3.2.0. The release notes on the
 website will have to do for older versions.
 
+# 3.2.38 (unreleased) #
+
+This release contains contributions from (alphabetically by first name):
+ - No external contributors yet
+
+## Core ##
+ - No core changes yet
+
+## Modules ##
+ - No module changes yet
+
+
 # 3.2.37 (2021-02-23) #
 
 This release contains contributions from (alphabetically by first name):
diff --git a/CMakeLists.txt b/CMakeLists.txt
index bcd14adb2..8f28b11c2 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -41,11 +41,11 @@
 # TODO:3.3: Require CMake 3.12
 cmake_minimum_required( VERSION 3.3 FATAL_ERROR )
 project( CALAMARES
-    VERSION 3.2.37
+    VERSION 3.2.38
     LANGUAGES C CXX
 )
 
-set( CALAMARES_VERSION_RC 0 )  # Set to 0 during release cycle, 1 during development
+set( CALAMARES_VERSION_RC 1 )  # Set to 0 during release cycle, 1 during development
 
 ### OPTIONS
 #