diff --git a/pkgs/development/python-modules/param/default.nix b/pkgs/development/python-modules/param/default.nix
index 40d813731278..7d6baeeee5d6 100644
--- a/pkgs/development/python-modules/param/default.nix
+++ b/pkgs/development/python-modules/param/default.nix
@@ -17,7 +17,7 @@
 
 buildPythonPackage rec {
   pname = "param";
-  version = "2.1.0";
+  version = "2.1.1";
   pyproject = true;
 
   disabled = pythonOlder "3.7";
@@ -26,7 +26,7 @@ buildPythonPackage rec {
     owner = "holoviz";
     repo = pname;
     rev = "refs/tags/v${version}";
-    hash = "sha256-9264KfRDuHsvDyIpGKs2VTPcTZOZIFLKe7xuplkfzf4=";
+    hash = "sha256-rGfFLDl5Y8D0OiO/1G05w2l3hAHZC368LuNADDzfBFs=";
   };
 
   nativeBuildInputs = [