diff --git a/onto_tool/__init__.py b/onto_tool/__init__.py
index e1ab2c8..5e24815 100644
--- a/onto_tool/__init__.py
+++ b/onto_tool/__init__.py
@@ -1 +1 @@
-VERSION = '1.7.4'
+VERSION = '1.8.0'
diff --git a/setup.py b/setup.py
index 0795a8e..188b2a9 100644
--- a/setup.py
+++ b/setup.py
@@ -45,5 +45,5 @@
             "onto_tool = onto_tool.onto_tool:run_tool"
         ]
     },
-    python_requires='>=3.7',
+    python_requires='>=3.8',
 )