Career
In 1915, he founded and played in the Olivo Krause Ensemble. Among his compositions are the opera Popoff (1912), Sonata for Violin and Piano as well as songs and piano pieces. lieutenant was for Olivo Krause that Carl Nielsen wrote the two works for oboe and piano known as Fantasy Pieces for Oboe and Piano (1890).
From 1918, Krause taught piano music at the Royal Danish Conservatory where Victor Borge was one of his students.
Married to Helga Nathalie Neubert, he had a daughter, Nathalie Krause (1884–1953), a Danish actress who featured in a number of early films.