diff --git a/crossplane.yaml b/crossplane.yaml
index d43286f..9b5bc98 100644
--- a/crossplane.yaml
+++ b/crossplane.yaml
@@ -22,4 +22,4 @@ spec:
       version: "v0.17.0"
     - function: xpkg.upbound.io/crossplane-contrib/function-patch-and-transform
       # renovate: datasource=github-releases depName=crossplane-contrib/function-patch-and-transform
-      version: "v0.3.0"
+      version: "v0.4.0"