diff --git a/docs/changelog/2348.bugfix.rst b/docs/changelog/2348.bugfix.rst
new file mode 100644
index 000000000..18625705c
--- /dev/null
+++ b/docs/changelog/2348.bugfix.rst
@@ -0,0 +1 @@
+Upgrade embedded setuptools to ``62.3.2`` from ``62.1.0`` and pip to ``22.1.2`` from ``22.0.4`` - by :user:`gaborbernat`.
diff --git a/src/virtualenv/seed/wheels/embed/__init__.py b/src/virtualenv/seed/wheels/embed/__init__.py
index 5efbd7e5a..12f231037 100644
--- a/src/virtualenv/seed/wheels/embed/__init__.py
+++ b/src/virtualenv/seed/wheels/embed/__init__.py
@@ -6,28 +6,28 @@
 BUNDLE_FOLDER = Path(__file__).absolute().parent
 BUNDLE_SUPPORT = {
     "3.11": {
-        "pip": "pip-22.0.4-py3-none-any.whl",
-        "setuptools": "setuptools-62.1.0-py3-none-any.whl",
+        "pip": "pip-22.1.2-py3-none-any.whl",
+        "setuptools": "setuptools-62.3.2-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.10": {
-        "pip": "pip-22.0.4-py3-none-any.whl",
-        "setuptools": "setuptools-62.1.0-py3-none-any.whl",
+        "pip": "pip-22.1.2-py3-none-any.whl",
+        "setuptools": "setuptools-62.3.2-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.9": {
-        "pip": "pip-22.0.4-py3-none-any.whl",
-        "setuptools": "setuptools-62.1.0-py3-none-any.whl",
+        "pip": "pip-22.1.2-py3-none-any.whl",
+        "setuptools": "setuptools-62.3.2-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.8": {
-        "pip": "pip-22.0.4-py3-none-any.whl",
-        "setuptools": "setuptools-62.1.0-py3-none-any.whl",
+        "pip": "pip-22.1.2-py3-none-any.whl",
+        "setuptools": "setuptools-62.3.2-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.7": {
-        "pip": "pip-22.0.4-py3-none-any.whl",
-        "setuptools": "setuptools-62.1.0-py3-none-any.whl",
+        "pip": "pip-22.1.2-py3-none-any.whl",
+        "setuptools": "setuptools-62.3.2-py3-none-any.whl",
         "wheel": "wheel-0.37.1-py2.py3-none-any.whl",
     },
     "3.6": {
diff --git a/src/virtualenv/seed/wheels/embed/pip-22.0.4-py3-none-any.whl b/src/virtualenv/seed/wheels/embed/pip-22.1.2-py3-none-any.whl
similarity index 74%
rename from src/virtualenv/seed/wheels/embed/pip-22.0.4-py3-none-any.whl
rename to src/virtualenv/seed/wheels/embed/pip-22.1.2-py3-none-any.whl
index 7ba048e24..f9bef0216 100644
Binary files a/src/virtualenv/seed/wheels/embed/pip-22.0.4-py3-none-any.whl and b/src/virtualenv/seed/wheels/embed/pip-22.1.2-py3-none-any.whl differ
diff --git a/src/virtualenv/seed/wheels/embed/setuptools-62.1.0-py3-none-any.whl b/src/virtualenv/seed/wheels/embed/setuptools-62.3.2-py3-none-any.whl
similarity index 76%
rename from src/virtualenv/seed/wheels/embed/setuptools-62.1.0-py3-none-any.whl
rename to src/virtualenv/seed/wheels/embed/setuptools-62.3.2-py3-none-any.whl
index 0a56be0ed..49453e92d 100644
Binary files a/src/virtualenv/seed/wheels/embed/setuptools-62.1.0-py3-none-any.whl and b/src/virtualenv/seed/wheels/embed/setuptools-62.3.2-py3-none-any.whl differ