diff --git a/package.json b/package.json
index d03a0e6bef..447e52c68c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
     "name": "element-web",
-    "version": "1.11.46",
+    "version": "1.11.47-rc.1",
     "description": "A feature-rich client for Matrix.org",
     "author": "New Vector Ltd.",
     "repository": {