diff --git a/extern/vecmem/CMakeLists.txt b/extern/vecmem/CMakeLists.txt
index 673a8ec0..5cc54fe7 100644
--- a/extern/vecmem/CMakeLists.txt
+++ b/extern/vecmem/CMakeLists.txt
@@ -13,7 +13,7 @@ message( STATUS "Building VecMem as part of the Algebra Plugins project" )
 
 # Declare where to get VecMem from.
 set( ALGEBRA_PLUGINS_VECMEM_SOURCE
-   "URL;https://github.com/acts-project/vecmem/archive/refs/tags/v1.8.0.tar.gz;URL_MD5;afddf52d9568964f25062e1c887246b7"
+   "URL;https://github.com/acts-project/vecmem/archive/refs/tags/v1.12.0.tar.gz;URL_MD5;a1e314c41e8c7598f50f34a0b27333e5"
    CACHE STRING "Source for VecMem, when built as part of this project" )
 mark_as_advanced( ALGEBRA_PLUGINS_VECMEM_SOURCE )