diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0b3e26435..b5bab6265 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,8 @@
-## 1.4.3 (unreleased)
+## 1.5.0 (unreleased)
 
+FEATURES:
 
+  - **New guest:** Funtoo (change host name and networks supported)
 
 ## 1.4.2 (December 31, 2013)
 
diff --git a/lib/vagrant/version.rb b/lib/vagrant/version.rb
index df6e1dead..6d9737add 100644
--- a/lib/vagrant/version.rb
+++ b/lib/vagrant/version.rb
@@ -2,5 +2,5 @@ module Vagrant
   # This will always be up to date with the current version of Vagrant,
   # since it is used to generate the gemspec and is also the source of
   # the version for `vagrant -v`
-  VERSION = "1.4.3.dev"
+  VERSION = "1.5.0.dev"
 end