diff --git a/packages/celotool/package.json b/packages/celotool/package.json
index f7d06b578fa..0f411f678a0 100644
--- a/packages/celotool/package.json
+++ b/packages/celotool/package.json
@@ -6,7 +6,7 @@
   "author": "Celo",
   "license": "Apache-2.0",
   "dependencies": {
-    "@celo/contractkit": "0.0.1",
+    "@celo/contractkit": "1.2.2",
     "@google-cloud/monitoring": "0.7.1",
     "@google-cloud/pubsub": "^0.28.1",
     "@google-cloud/storage": "^2.4.3",
@@ -22,7 +22,7 @@
     "prompts": "1.2.0",
     "sleep-promise": "^8.0.1",
     "tsconfig-paths": "3.6.0",
-    "web3": "1.0.0-beta.37",
+    "web3": "1.3.6",
     "web3-eth-admin": "1.0.0-beta.55",
     "yargs": "12.0.2"
   },
@@ -32,7 +32,7 @@
     "@types/prompts": "^1.1.1",
     "@types/web3": "^1.0.18",
     "@types/yargs": "^12.0.1",
-    "jest": "^24.8.0",
+    "jest": "^25.0.0",
     "ts-jest": "^24.0.0",
     "ts-node": "^7.0.1"
   },