Hunch, a New York City-based startup founded by Flickr co-founder Caterina Fake and SiteAdvisor founder/angel investor Chris Dixon, has raised $10 million in funding for its questions and recommendations site.

Nearly a year ago, Ms. Fake revealed her new startup to the world. Her goal: to create a service that would help people make decisions via crowdsourced questions and advice from its users. Hunch launched last June and has been growing steadily ever since (it peaked at nearly half a million U.S. visitors last month).

According to MediaMemo, the startup has raised $10-$12 million from Khosla Ventures and previous investors General Catalyst Partners, Bessemer Venture Partners, and original angel investor Ron Conway (an early investor in Google and PayPal). The lead investor seems to have been Gideon Yu, the former CFO of YouTube and later Facebook.

It’s tough to bet against Hunch and its stellar leadership team. Our tests of the service have always been a positive experience, although it’s tough to say just how much of a market exists for their service. Hunch also has some valuable data that could be an asset into the future.

Reviews: Facebook, Google, Hunch, YouTube

Tags: business, funding, hunch, venture capital