diff --git a/build.gradle.kts b/build.gradle.kts
index 0c8b3ed6..8f23581c 100644
--- a/build.gradle.kts
+++ b/build.gradle.kts
@@ -7,7 +7,7 @@ import org.jetbrains.kotlin.gradle.plugin.mpp.KotlinNativeTarget
 import java.util.Properties
 
 plugins {
-    kotlin("multiplatform") version "1.4.31"
+    kotlin("multiplatform") version "1.5.0"
 }
 
 val sdkVersion: String by project
diff --git a/gradle.properties b/gradle.properties
index 2c92ee00..e414e314 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -6,13 +6,13 @@ kotlin.mpp.enableGranularSourceSetsMetadata=true
 sdkVersion=0.3.0-SNAPSHOT
 
 # kotlin
-kotlinVersion=1.4.31
-coroutinesVersion=1.4.3
+kotlinVersion=1.5.0
+coroutinesVersion=1.5.0
 
 # testing/utility
 junitVersion=5.6.2
 ktlintVersion=0.40.0
-kotestVersion=4.4.1
+kotestVersion=4.6.0
 
 # elasticurl only
 kotlinxCliVersion=0.3.2