diff --git a/netbox/netbox/settings.py b/netbox/netbox/settings.py
index f39a949af..9d7bd23f0 100644
--- a/netbox/netbox/settings.py
+++ b/netbox/netbox/settings.py
@@ -22,7 +22,7 @@ if sys.version_info[0] < 3:
         DeprecationWarning
     )
 
-VERSION = '2.4-dev'
+VERSION = '2.4-beta1'
 
 BASE_DIR = os.path.dirname(os.path.dirname(os.path.abspath(__file__)))