diff --git a/CHANGELOG.md b/CHANGELOG.md
index f910a11..eb4b574 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,23 @@
 # Changelog
 
+## [1.21.0](https://github.com/hetznercloud/hcloud-python/compare/v1.20.0...v1.21.0) (2023-06-19)
+
+
+### Features
+
+* add deprecation field to ServerType ([#192](https://github.com/hetznercloud/hcloud-python/issues/192)) ([4a0fce7](https://github.com/hetznercloud/hcloud-python/commit/4a0fce7da6d47a7e9094c5efd1769d3d9395b540))
+
+
+### Bug Fixes
+
+* adjust label validation for max length of 63 characters ([#194](https://github.com/hetznercloud/hcloud-python/issues/194)) ([3cba96d](https://github.com/hetznercloud/hcloud-python/commit/3cba96d261499e5f812aca7936ae9ed1e75ccd52))
+
+
+### Documentation
+
+* improve branding, design & fix warnings ([#191](https://github.com/hetznercloud/hcloud-python/issues/191)) ([47eb9f1](https://github.com/hetznercloud/hcloud-python/commit/47eb9f1c79e05a61084f0a639f9497beb22d6910))
+* use venv for the dev setup ([#196](https://github.com/hetznercloud/hcloud-python/issues/196)) ([93f48ff](https://github.com/hetznercloud/hcloud-python/commit/93f48ff27c0561f66e5fe871e42fc2953bab0993))
+
 ## [1.20.0](https://github.com/hetznercloud/hcloud-python/compare/v1.19.0...v1.20.0) (2023-05-12)
 
 
diff --git a/hcloud/__version__.py b/hcloud/__version__.py
index 494d089..ecfc50e 100644
--- a/hcloud/__version__.py
+++ b/hcloud/__version__.py
@@ -1 +1 @@
-VERSION = "1.20.0"  # x-release-please-version
+VERSION = "1.21.0"  # x-release-please-version