diff --git a/pkgs/development/python-modules/jaraco_functools/default.nix b/pkgs/development/python-modules/jaraco_functools/default.nix
index ac6eb936e628..638d2b14e985 100644
--- a/pkgs/development/python-modules/jaraco_functools/default.nix
+++ b/pkgs/development/python-modules/jaraco_functools/default.nix
@@ -4,11 +4,11 @@
 
 buildPythonPackage rec {
   pname = "jaraco.functools";
-  version = "2.0";
+  version = "3.0.1";
 
   src = fetchPypi {
     inherit pname version;
-    sha256 = "35ba944f52b1a7beee8843a5aa6752d1d5b79893eeb7770ea98be6b637bf9345";
+    sha256 = "9fedc4be3117512ca3e03e1b2ffa7a6a6ffa589bfb7d02bfb324e55d493b94f4";
   };
 
   propagatedBuildInputs = [ more-itertools backports_functools_lru_cache ];