diff --git a/beanie/__init__.py b/beanie/__init__.py
index 6c445f3c..262e3548 100644
--- a/beanie/__init__.py
+++ b/beanie/__init__.py
@@ -37,7 +37,7 @@
 from beanie.odm.utils.init import init_beanie
 from beanie.odm.views import View
 
-__version__ = "1.28.0"
+__version__ = "1.29.0"
 __all__ = [
     # ODM
     "Document",
diff --git a/docs/changelog.md b/docs/changelog.md
index 6437cb8a..6a2ca483 100644
--- a/docs/changelog.md
+++ b/docs/changelog.md
@@ -2,6 +2,34 @@
 
 Beanie project
 
+## [1.29.0] - 2025-01-06
+### Fix serialization of link/backlink and openapi schema generation
+- Author - [staticxterm](https://github.com/staticxterm)
+- PR <https://github.com/BeanieODM/beanie/pull/1080>
+### Fix: `owner` model missing in `init_beanie` in inheritance documentation's inserts example
+- Author - [ksayer](https://github.com/ksayer)
+- PR <https://github.com/BeanieODM/beanie/pull/1090>
+### Make `diacritic_sensitive` parameter optional to support $text operator on cosmos db
+- Author - [mykolaskrynnyk](https://github.com/mykolaskrynnyk)
+- PR <https://github.com/BeanieODM/beanie/pull/1089>
+### Add tests with case of {id} in fastapi path
+- Author - [dantetemplar](https://github.com/dantetemplar)
+- PR <https://github.com/BeanieODM/beanie/pull/1100>
+### Use strings to specify mongodb versions in ci
+- Author - [Viicos](https://github.com/Viicos)
+- PR <https://github.com/BeanieODM/beanie/pull/1094>
+### fix: pydantic 2.10.x breaking change
+- Author - [mdaffad](https://github.com/mdaffad)
+- PR <https://github.com/BeanieODM/beanie/pull/1095>
+### Bulk writer improving & bulk_writer method for document and possibility to bypass mongo document validation + comment parameter
+- Author - [CAPITAINMARVEL](https://github.com/CAPITAINMARVEL)
+- PR <https://github.com/BeanieODM/beanie/pull/1079>
+### Add coverage configuration to pyproject.toml
+- Author - [staticxterm](https://github.com/staticxterm)
+- PR <https://github.com/BeanieODM/beanie/pull/1091>
+
+[1.29.0]: https://pypi.org/project/beanie/1.29.0
+
 ## [1.28.0] - 2024-12-05
 ### Fix kwargs/args untyped
 - Author - [CAPITAINMARVEL](https://github.com/CAPITAINMARVEL)
diff --git a/pyproject.toml b/pyproject.toml
index 3272da37..37482179 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "flit_core.buildapi"
 
 [project]
 name = "beanie"
-version = "1.28.0"
+version = "1.29.0"
 description = "Asynchronous Python ODM for MongoDB"
 readme = "README.md"
 requires-python = ">=3.8,<4.0"
diff --git a/scripts/generate_changelog.py b/scripts/generate_changelog.py
index 54d1ac6b..a895e130 100644
--- a/scripts/generate_changelog.py
+++ b/scripts/generate_changelog.py
@@ -68,8 +68,8 @@ def generate_changelog(self) -> str:
     generator = ChangelogGenerator(
         username="BeanieODM",
         repository="beanie",
-        current_version="1.28.0",
-        new_version="1.29.0",
+        current_version="1.29.0",
+        new_version="1.30.0",
     )
 
     changelog = generator.generate_changelog()