A new composite density functional theory method is presented. It is based on ωB97X-V as one of the best-performing density functionals for the GMTKN55 thermochemistry database and completes the family of "3c" methods toward range-separated hybrid DFT. The method is consistently available for all elements up to Rn (Z=1-86). Its further key ingredients are a polarized valence double-ζ (vDZP) Gaussian basis set, which was fully optimized in molecular DFT calculations, in combination with large-core effective core potentials and a specially adapted D4 dispersion correction. Unlike most existing double-ζ atomic orbital sets, vDZP shows only small basis set superposition errors (BSSE) and can compete with standard basis sets of triple-ζ quality. Small residual BSSE effects are efficiently absorbed by the D4 damping scheme which overall eliminates the need for an explicit treatment or empirical corrections for BSSE. Thorough tests on a variety of thermochemistry benchmark sets show that the new composite method, dubbed ωB97X-3c, is on par with or even outperforms standard hybrid DFT methods in a QZ basis set, at a small fraction of the computational cost. Particular strengths of the method are the description of non-covalent interactions and barrier heights, for which it is among the best-performing density functionals overall.