diff --git a/package-lock.json b/package-lock.json
index f84668e0..428846c3 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -14,7 +14,7 @@
 				"asyncro": "^3.0.0",
 				"boxen": "^5.0.1",
 				"chalk": "^4.1.2",
-				"docker-compose": "^0.23.13",
+				"docker-compose": "^0.24.8",
 				"dockerode": "^3.3.0",
 				"fs-extra": "^9.1.0",
 				"hostile": "^1.3.3",
@@ -50,7 +50,7 @@
 				"lint-staged": "^10.5.4"
 			},
 			"engines": {
-				"node": ">=14"
+				"node": ">=16"
 			}
 		},
 		"node_modules/@10up/eslint-config": {
@@ -1136,16 +1136,27 @@
 			}
 		},
 		"node_modules/docker-compose": {
-			"version": "0.23.19",
-			"resolved": "https://registry.npmjs.org/docker-compose/-/docker-compose-0.23.19.tgz",
-			"integrity": "sha512-v5vNLIdUqwj4my80wxFDkNH+4S85zsRuH29SO7dCWVWPCMt/ohZBsGN6g6KXWifT0pzQ7uOxqEKCYCDPJ8Vz4g==",
+			"version": "0.24.8",
+			"resolved": "https://registry.npmjs.org/docker-compose/-/docker-compose-0.24.8.tgz",
+			"integrity": "sha512-plizRs/Vf15H+GCVxq2EUvyPK7ei9b/cVesHvjnX4xaXjM9spHe2Ytq0BitndFgvTJ3E3NljPNUEl7BAN43iZw==",
 			"dependencies": {
-				"yaml": "^1.10.2"
+				"yaml": "^2.2.2"
 			},
 			"engines": {
 				"node": ">= 6.0.0"
 			}
 		},
+		"node_modules/docker-compose/node_modules/yaml": {
+			"version": "2.4.1",
+			"resolved": "https://registry.npmjs.org/yaml/-/yaml-2.4.1.tgz",
+			"integrity": "sha512-pIXzoImaqmfOrL7teGUBt/T7ZDnyeGBWyXQBvOVhLkWLN37GXv8NMLK406UY6dS51JfcQHsmcW5cJ441bHg6Lg==",
+			"bin": {
+				"yaml": "bin.mjs"
+			},
+			"engines": {
+				"node": ">= 14"
+			}
+		},
 		"node_modules/docker-modem": {
 			"version": "3.0.8",
 			"resolved": "https://registry.npmjs.org/docker-modem/-/docker-modem-3.0.8.tgz",
@@ -4038,6 +4049,7 @@
 			"version": "1.10.2",
 			"resolved": "https://registry.npmjs.org/yaml/-/yaml-1.10.2.tgz",
 			"integrity": "sha512-r3vXyErRCYJ7wg28yvBY5VSoAF8ZvlcW9/BwUzEtUsjvX/DKs24dIkuwjtuprwJJHsbyUbLApepYTR1BN4uHrg==",
+			"dev": true,
 			"engines": {
 				"node": ">= 6"
 			}
@@ -4873,11 +4885,18 @@
 			"integrity": "sha512-ZySD7Nf91aLB0RxL4KGrKHBXl7Eds1DAmEdcoVawXnLD7SDhpNgtuII2aAkg7a7QS41jxPSZ17p4VdGnMHk3MQ=="
 		},
 		"docker-compose": {
-			"version": "0.23.19",
-			"resolved": "https://registry.npmjs.org/docker-compose/-/docker-compose-0.23.19.tgz",
-			"integrity": "sha512-v5vNLIdUqwj4my80wxFDkNH+4S85zsRuH29SO7dCWVWPCMt/ohZBsGN6g6KXWifT0pzQ7uOxqEKCYCDPJ8Vz4g==",
+			"version": "0.24.8",
+			"resolved": "https://registry.npmjs.org/docker-compose/-/docker-compose-0.24.8.tgz",
+			"integrity": "sha512-plizRs/Vf15H+GCVxq2EUvyPK7ei9b/cVesHvjnX4xaXjM9spHe2Ytq0BitndFgvTJ3E3NljPNUEl7BAN43iZw==",
 			"requires": {
-				"yaml": "^1.10.2"
+				"yaml": "^2.2.2"
+			},
+			"dependencies": {
+				"yaml": {
+					"version": "2.4.1",
+					"resolved": "https://registry.npmjs.org/yaml/-/yaml-2.4.1.tgz",
+					"integrity": "sha512-pIXzoImaqmfOrL7teGUBt/T7ZDnyeGBWyXQBvOVhLkWLN37GXv8NMLK406UY6dS51JfcQHsmcW5cJ441bHg6Lg=="
+				}
 			}
 		},
 		"docker-modem": {
@@ -7065,7 +7084,8 @@
 		"yaml": {
 			"version": "1.10.2",
 			"resolved": "https://registry.npmjs.org/yaml/-/yaml-1.10.2.tgz",
-			"integrity": "sha512-r3vXyErRCYJ7wg28yvBY5VSoAF8ZvlcW9/BwUzEtUsjvX/DKs24dIkuwjtuprwJJHsbyUbLApepYTR1BN4uHrg=="
+			"integrity": "sha512-r3vXyErRCYJ7wg28yvBY5VSoAF8ZvlcW9/BwUzEtUsjvX/DKs24dIkuwjtuprwJJHsbyUbLApepYTR1BN4uHrg==",
+			"dev": true
 		},
 		"yargs": {
 			"version": "16.2.0",
diff --git a/package.json b/package.json
index b9b30d34..f18209a6 100644
--- a/package.json
+++ b/package.json
@@ -60,7 +60,7 @@
 		"asyncro": "^3.0.0",
 		"boxen": "^5.0.1",
 		"chalk": "^4.1.2",
-		"docker-compose": "^0.23.13",
+		"docker-compose": "^0.24.8",
 		"dockerode": "^3.3.0",
 		"fs-extra": "^9.1.0",
 		"hostile": "^1.3.3",
diff --git a/src/utils/docker-compose.js b/src/utils/docker-compose.js
index 9bfc8399..f8efb847 100644
--- a/src/utils/docker-compose.js
+++ b/src/utils/docker-compose.js
@@ -10,7 +10,9 @@ function interpretComposerResults( { out, err, exitCode } ) {
 
 function makeProxyFunction( fn ) {
 	return async function( ...args ) {
-		const results = await compose[ fn ]( ...args );
+		const v2Available = ( await compose.v2.version() ).exitCode === 0;
+		const latestCompose = v2Available ? compose.v2 : compose;
+		const results = await latestCompose[ fn ]( ...args );
 		return interpretComposerResults( results );
 	};
 }