Born in Van Nuys, California, she has multiple citizenships: American, Canadian and Italian. Olivo is the daughter of Danica d'Hondt, of Belgian and Irish descent, Miss Canada in 1959, and winemaker Nello Olivo, of Italian, Basque, Spanish and Chilean descent. She is married to actor Christian Campbell.

Soluna disbanded in late 2004, and Olivo concentrated on her career as an Actress and solo musician.

In 2007, Olivo completed features titled The Last Resort and Love Shack. In 2008, she was featured in the DVD release The Thirst: Blood War starring opposite Tony Todd and Jason Connery and the theatrical release Circle. Olivo's 2009 theatrical releases in leading roles are action/comedy Bitch Slap and Michael Bay’s 2009 version of Friday the 13th. In February 2009, she wrapped the feature film Neighbor, where she met husband Christian Campbell. More recently she filmed the remake of Maniac starring Elijah Wood, No One Lives starring Luke Evans and Conception starring David Arquette. Recently Olivo joined the cast of Chicago PD, a spin-off of Chicago Fire.

In 2008, Olivo appeared in the dance single titled "Deja Vu" with an album release under Dauman Music which became a top 40 billboard dance chart hit with remixes by Dj Escape known for several remixed hits for Beyonce. That same year, she appeared nude painted in head to toe silver on the cover of Mötley Crüe's Saints of Los Angeles album. Olivo is also on the cover of two well-known romance novels.

Olivo appeared on the cover of the June 2009 issue of Playboy magazine. Inside, she appears in seven fully nude photos, shot by fashion Photographer Terry Richardson.

Olivo recently starred in the new Broadway musical Spider-Man: Turn Off the Dark as a swing and understudy for the lead role of "Arachne". Previews began on November 28, 2010. When Natalie Mendoza, who starred as Arachne, suffered a concussion at that first preview, Olivo played the role for several weeks in December 2010. The physically demanding role involves aerial sequences, including being spun upside-down. When Mendoza unexpectedly left the show permanently later that month, the role of Arachne went to T.V. Carpio instead of Olivo, who remained as understudy. When Carpio was injured in March 2011 and withdrew from the show for two weeks, Olivo performed the role again. Olivo left the show on April 17, 2011, when the show closed for revisions. She did not return when performances resumed May 12.

In 2013, Olivo became the spokesperson for Baby Quest Foundation founded by Pamela Hirsch to help raise funds for medical expenses imposed on infertile couples. She had a role in the spy action film Mission: Impossible – Rogue Nation (2015).