diff --git a/flux2/apps/velero/release.yaml b/flux2/apps/velero/release.yaml
index 35323922224a334d35d26860eb290ea5e1ed087e..c8e02e0b902d5069c2ecba80767d6fd0cb728b4f 100644
--- a/flux2/apps/velero/release.yaml
+++ b/flux2/apps/velero/release.yaml
@@ -10,7 +10,7 @@ spec:
     spec:
       # renovate: registryUrl=https://vmware-tanzu.github.io/helm-charts
       chart: velero
-      version: 2.27.1
+      version: 2.27.3
       sourceRef:
         kind: HelmRepository
         name: vmware-tanzu